Peoples Financial (NASDAQ: PFIS) EVP gains shares via RSU vesting

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. EVP and Chief Accounting Officer Stephanie A. Westington exercised restricted stock units into common stock as part of her equity compensation. On March 11, 2026, 90 restricted stock units converted into 90 shares of common stock at a stated price of $0.00 per share. Of these shares, 30 were withheld at $51.80 per share to cover tax obligations, leaving a net 60 new common shares. Following these transactions, she directly holds 3,352 shares of common stock. The filing notes a prior grant of 263 RSUs on March 28, 2025, with 90 RSUs vesting on March 11, 2026, and 87 and 86 RSUs scheduled to vest on March 11, 2027 and March 11, 2028, respectively.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Westington Stephanie A.

(Last) (First) (Middle)

C/O PEOPLES SECURITY BANK & TRUST CO.

30 E D PREATE DRIVE

(Street)

MOOSIC PA 18507

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PEOPLES FINANCIAL SERVICES CORP. [ PFIS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP/CHIEF ACCOUNTING OFF

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/11/2026		M		90	A	(1)	3,382	D
Common Stock	03/11/2026		F		30	D	$51.8	3,352(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	03/11/2026		M			90	(3)	(3)	Common Stock	90	$0	173(4)	D

Explanation of Responses:

1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.

2. This amount includes 560 shares of time-based restricted common stock owned by Ms. Westington and 2,792 shares owned by Ms. Westington.

3. On 3/28/2025, Ms. Westington was granted 263 RSUs vesting in three annual installments beginning 3/11/2026.

4. 90 RSUs vested on 3/11/2026 leaving 87 RSUs to vest on 3/11/2027 and 86 RSUs to vest on 3/11/2028.

	/s/ James M. Bone, Jr., CPA, As Attorney in Fact for Stephanie A. Westington, CPA	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did PFIS executive Stephanie Westington report?

Stephanie Westington exercised 90 restricted stock units into 90 shares of PEOPLES FINANCIAL SERVICES CORP. common stock. The transaction reflects routine equity compensation vesting rather than an open-market purchase or sale.

How many PFIS shares did Stephanie Westington ultimately add from this Form 4?

Westington received 90 common shares from RSU vesting, with 30 shares withheld to cover taxes. She therefore added a net 60 PFIS common shares to her direct holdings through this compensation-related event.

What were Stephanie Westington’s PFIS share holdings after the reported transactions?

After the transactions on March 11, 2026, Westington directly held 3,352 shares of PFIS common stock. This total includes 560 time-based restricted shares and 2,792 additional shares owned, as described in the filing footnotes.

At what price were PFIS shares withheld for Stephanie Westington’s tax obligations?

To satisfy tax obligations on the RSU vesting, 30 PFIS common shares were withheld at $51.80 per share. This F-code transaction is a tax-withholding disposition, not an open-market sale by the executive.

What is the vesting schedule for Stephanie Westington’s PFIS restricted stock units?

Westington was granted 263 RSUs on March 28, 2025. Ninety RSUs vested on March 11, 2026, and the remaining 87 and 86 RSUs are scheduled to vest on March 11, 2027 and March 11, 2028, respectively.

Does Stephanie Westington’s Form 4 show any open-market buying or selling of PFIS stock?

No open-market trades are reported. The filing shows an RSU conversion into common stock and a related tax-withholding disposition. Both are routine compensation and tax events rather than discretionary market purchases or sales.