PFIS (PFIS) risk chief granted 662 restricted stock units in equity award
Rhea-AI Filing Summary
Kirtley Timothy reported acquisition or exercise transactions in this Form 4 filing.
PEOPLES FINANCIAL SERVICES CORP. executive Timothy Kirtley reported a new equity award rather than an open-market trade. On 6/26/2026, he received a grant of 662 restricted stock units (RSUs), each representing a contingent right to one share of PFIS common stock, vesting in three annual installments beginning 6/26/2027.
Following this filing, he holds 6,216 shares of common stock directly, including 164 shares of time-based restricted common stock and 6,052 shares solely owned, plus 240 shares held indirectly through the PSBT 401(k) Profit Sharing Plan. He also has prior RSU awards, including 826 RSUs granted on 3/28/2025, of which 281 vested on 3/11/2026 and the remaining units are scheduled to vest in 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Kirtley Timothy
Role
EVP/CHIEF RISK OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 662 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,275 shares (Direct);
Common Stock — 6,216 shares (Direct);
Common Stock — 240 shares (Indirect, PSBT 401 (k) Profit Sharing Plan)
Footnotes (6)
- F1. This amount includes 164 shares of time-based restricted common stock and 6,052 shares solely owned by Mr. Kirtley.
- F2. Each restricted stock unit (RSU) represents a contingent right to receive one share of PFIS common stock.
- F3. On 3/28/2025, Mr. Kirtley was granted 826 RSUs vesting in three annual installments beginning 3/11/2026.
- F4. 281 RSUs vested on 3/11/2026 leaving 273 RSUs to vest on 3/11/2027 and 272 RSUs to vest on 3/11/2028.
- F5. The RSUs vest in five equal annual installments beginning 8/29/2026.
- F6. On 6/26/2026, Mr. Kirtley was granted 662 RSUs vesting in three annual installments beginning 6/26/2027.
Key Figures
New RSU grant: 662 restricted stock units
Direct common stock holdings: 6,216 shares
Indirect common stock holdings: 240 shares
+4 more
7 metrics
New RSU grant
662 restricted stock units
Granted 6/26/2026, vesting in three annual installments beginning 6/26/2027
Direct common stock holdings
6,216 shares
Direct PFIS common stock after reported positions, including restricted shares
Indirect common stock holdings
240 shares
Held through PSBT 401(k) Profit Sharing Plan after reported positions
Time-based restricted common stock
164 shares
Included within direct PFIS common stock holdings
Prior RSU grant
826 restricted stock units
Granted 3/28/2025, with installments vesting 3/11/2026, 3/11/2027, and 3/11/2028
RSUs vested 3/11/2026
281 restricted stock units
First installment from 826-unit grant vested on 3/11/2026
Unvested RSUs from 2025 grant
545 restricted stock units
273 vesting 3/11/2027 and 272 vesting 3/11/2028
Key Terms
Restricted Stock Units, time-based restricted common stock, PSBT 401 (k) Profit Sharing Plan, contingent right, +1 more
5 terms
Restricted Stock Units financial
"The RSUs vest in five equal annual installments beginning 8/29/2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based restricted common stock financial
"This amount includes 164 shares of time-based restricted common stock and 6,052 shares solely owned"
PSBT 401 (k) Profit Sharing Plan financial
"nature_of_ownership": "PSBT 401 (k) Profit Sharing Plan""
contingent right financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share of PFIS common stock."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider activity did PFIS executive Timothy Kirtley report on this Form 4?
The filing shows no open-market trades by Timothy Kirtley. Instead, he reported a grant of 662 restricted stock units, which are compensation-related awards that convert into PFIS common shares as they vest over time.
What are the terms of the new 662 PFIS restricted stock units granted to Kirtley?
Kirtley was granted 662 PFIS restricted stock units on 6/26/2026. The filing states these RSUs vest in three annual installments beginning 6/26/2027, with each RSU representing a contingent right to receive one share of PFIS common stock.
What prior PFIS RSU grant to Kirtley is described in the footnotes?
Footnotes explain that on 3/28/2025 Kirtley received 826 RSUs. Of these, 281 RSUs vested on 3/11/2026, leaving 273 units scheduled to vest on 3/11/2027 and 272 units scheduled to vest on 3/11/2028, subject to the plan’s terms.
How do PFIS restricted stock units work for Timothy Kirtley?
Each PFIS restricted stock unit represents a contingent right to one common share. The units vest over multi-year schedules described in the filing; as they vest, Kirtley becomes entitled to receive the underlying PFIS shares, assuming applicable conditions are satisfied.
Does this PFIS Form 4 indicate buying or selling of common stock by Kirtley?
The Form 4 does not show any open-market buying or selling of PFIS common stock by Kirtley. It mainly records equity compensation holdings and a new RSU grant, which are routine elements of executive compensation rather than discretionary trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
