Peoples Financial president exercises 709 RSUs
Peoples Financial Services Corp. president Thomas P. Tulaney exercised 709 restricted stock units (RSUs) into 709 shares of common stock.
Rhea-AI Filing Summary
Peoples Financial Services Corp. president Thomas P. Tulaney exercised 709 restricted stock units (RSUs) into 709 shares of common stock. The RSUs converted on a one-for-one basis, with vesting accelerated to April 3, 2026, leaving no remaining RSU balance from this grant.
To cover tax obligations, 315 common shares were disposed of through a tax-withholding transaction at $54.62 per share, which is not an open-market sale. After these transactions, Tulaney directly holds 22,232 common shares, in addition to 19,519.4883 shares held indirectly through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
709 shares exercised/converted
Exercise
4 txns
Insider
TULANEY THOMAS P
Role
PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 709 | $0.00 | $0.00 |
| Exercise | Common Stock | 709 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 315 | $54.62 | $17K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 22,232 shares (Direct);
Common Stock — 19,519.4883 shares (Indirect, By IRA)
Footnotes (4)
- F1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
- F2. These shares are owned jointly with Mr. Tulaney's spouse.
- F3. On 3/28/2025, Mr. Tulaney was granted 1,075 RSUs vesting in three annual installments beginning 3/11/2026.
- F4. Vesting of 709 RSUs was accelerated to 4/3/2026 leaving a zero balance.
Key Figures
RSUs exercised: 709 units
Shares withheld for taxes: 315 shares at $54.62
Direct holdings after transaction: 22,232 shares
+2 more
5 metrics
RSUs exercised
709 units
Restricted stock units converted one-for-one into common stock
Shares withheld for taxes
315 shares at $54.62
Tax-withholding disposition of common stock
Direct holdings after transaction
22,232 shares
Common stock directly owned following RSU exercise and withholding
Indirect IRA holdings
19,519.4883 shares
Common stock held indirectly by IRA after the reported date
RSU grant referenced
1,075 RSUs
Grant on 3/28/2025 vesting in three annual installments
Key Terms
Restricted Stock Unit, tax-withholding disposition, IRA, indirect ownership, +1 more
5 terms
Restricted Stock Unit financial
"Restricted stock units (RSUs) convert into common stock on a one-for-one basis."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
IRA financial
"Common Stock ... Indirect ownership: nature of ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
indirect ownership financial
"transaction_type: holding ... ownership_type: indirect"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PFIS president Thomas P. Tulaney report in this Form 4?
Thomas P. Tulaney reported exercising 709 restricted stock units into 709 shares of Peoples Financial common stock. A portion of these shares was then withheld to satisfy tax obligations, and his updated direct and indirect share holdings were disclosed in the filing.
How many PFIS restricted stock units did Tulaney exercise and at what ratio?
Tulaney exercised 709 restricted stock units, which converted into 709 shares of common stock on a one-for-one basis. A footnote states that Peoples Financial RSUs convert into common stock at this 1:1 ratio when they vest or are otherwise settled.
What indirect PFIS holdings does Tulaney report through an IRA?
In addition to his direct holdings, Tulaney reports 19,519.4883 Peoples Financial shares held indirectly through an IRA. This IRA entry is classified as indirect ownership and reflects another component of his total economic exposure to the company’s common stock.
Did Tulaney retain any RSUs from the 1,075-unit PFIS grant?
A prior grant of 1,075 RSUs to Tulaney was scheduled to vest in three annual installments beginning March 11, 2026. Footnotes explain that vesting of 709 RSUs was accelerated to April 3, 2026, leaving a zero RSU balance from this grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
