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Peoples Financial (PFIS) SVP exercises 323 RSUs, 233 shares withheld for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. senior executive Neal D. Koplin exercised 323 restricted stock units, converting them into an equal number of common shares. These RSUs convert to common stock on a one-for-one basis.

To cover tax obligations, 233 common shares were withheld at a price of $51.80 per share, resulting in a net increase of 90 shares. After these transactions, Koplin directly holds 10,711.211 common shares, including 183 shares of time-based restricted stock, plus additional indirect holdings through an IRA and a 401(k) plan. He also has 627 RSUs remaining to vest in 2027 and 2028.

Positive

  • None.

Negative

  • None.
Insider KOPLIN NEAL D
Role SR EVP/CHIEF BANKING OFFICER
Type Security Shares Price Value
Exercise Restricted Stock Unit 323 $0.00 --
Exercise Common Stock 323 $0.00 --
Tax Withholding Common Stock 233 $51.80 $12K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Unit — 627 shares (Direct); Common Stock — 10,944.211 shares (Direct); Common Stock — 435.006 shares (Indirect, IRA)
Footnotes (1)
  1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis. This amount includes 183 shares of time based restricted common stock solely owned by Mr. Koplin and 10,528.211 shares solely owned by Mr. Koplin. On 3/28/2025, Mr. Koplin was granted 950 RSUs vesting in three annual installments beginning 3/11/2026. 323 RSUs vested on 3/11/2026 leaving 314 RSUs to vest on 3/11/2027 and 313 RSUs to vest on 3/11/2028.
Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
KOPLIN NEAL D
(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)
SR EVP/CHIEF BANKING OFFICER
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 323 A $0(1) 10,944.211 D
Common Stock 03/11/2026 F 233 D $51.8 10,711.211(2) D
Common Stock 435.006 I IRA
Common Stock 409 I PSBT 401(k) Profit Sharing Plan
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 323 (3) (3) Common Stock 323 $0 627(4) D
Explanation of Responses:
1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
2. This amount includes 183 shares of time based restricted common stock solely owned by Mr. Koplin and 10,528.211 shares solely owned by Mr. Koplin.
3. On 3/28/2025, Mr. Koplin was granted 950 RSUs vesting in three annual installments beginning 3/11/2026.
4. 323 RSUs vested on 3/11/2026 leaving 314 RSUs to vest on 3/11/2027 and 313 RSUs to vest on 3/11/2028.
/s/ James M. Bone, Jr., CPA, As Attorney in Fact for Neal D. Koplin 03/13/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PFIS executive Neal Koplin report on this Form 4?

Neal Koplin reported exercising 323 restricted stock units into common shares. This was a compensation-related derivative exercise, not an open-market stock purchase, and reflects the scheduled vesting of previously granted equity awards at Peoples Financial Services Corp.

How many PFIS shares were withheld for Neal Koplin’s tax obligations?

To satisfy tax obligations, 233 PFIS common shares were withheld at $51.80 per share. This withholding is coded as a tax-liability disposition and does not represent an open-market sale initiated by the executive on an exchange.

What are Neal Koplin’s PFIS share holdings after these transactions?

After the reported transactions, Neal Koplin directly holds 10,711.211 PFIS common shares. This total includes 183 shares of time-based restricted common stock, along with his other directly owned common stock reported in the filing.

How many restricted stock units does Neal Koplin still have in PFIS?

Following the vesting of 323 RSUs, Neal Koplin has 627 RSUs remaining. According to the footnotes, 314 RSUs are scheduled to vest on March 11, 2027, and 313 RSUs are scheduled to vest on March 11, 2028.

Does Neal Koplin hold PFIS shares indirectly through retirement plans?

Yes. The filing shows indirect PFIS holdings of 435.006 common shares in an IRA and 409 common shares in the PSBT 401(k) Profit Sharing Plan. These positions are in addition to his directly held common shares and restricted stock.

Was Neal Koplin’s PFIS transaction an open-market buy or sale of shares?

No. The Form 4 shows a derivative exercise of restricted stock units and a tax-withholding share disposition. There were no open-market purchases or sales; the activity reflects equity award vesting and related tax settlement in shares.