PFIS (PFIS) EVP Jeffrey Drobins gets stock grant, withholds shares for taxes

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. executive Jeffrey A. Drobins reported equity compensation changes in company stock. On February 27, 2026, he received a grant of 2,020 shares of common stock at $0.00 per share, classified as a grant or award acquisition. On the same date, 950 common shares were disposed of at $53.60 per share to satisfy tax withholding obligations, reducing his directly held common shares to 5,198.582, which includes 447 time-based restricted shares. He also holds 11,763 and 804 restricted stock units, each RSU representing one PFIS share, scheduled to vest in equal annual installments beginning March 11, 2026 and August 29, 2026, respectively.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Drobins Jeffrey A

Role EVP/CHIEF LENDING OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,020	$0.00	--
Tax Withholding	Common Stock	950	$53.60	$51K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,148.582 shares (Direct); Restricted Stock Units — 11,763 shares (Direct); Common Stock — 308 shares (Indirect, PSBT 401(k) Profit Sharing Plan)

Footnotes (1)

1. This amount includes 447 shares of time based restricted common stock solely owned by Mr. Drobins and 4,751.582 shares solely owned by Mr. Drobins. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock. The restricted stock units vest in three equal annual installments beginning March 11, 2026. The restricted stock units vest in seven equal annual installments beginning August 29, 2026.

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^*

Drobins Jeffrey 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 LENDING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		A		2,020	A	$0	6,148.582	D
Common Stock	02/27/2026		F		950	D	$53.6	5,198.582(1)	D
Common Stock								308	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 Units	(2)							(4)	(4)	COMMON STOCK	11,763		11,763	D
Restricted Stock Units	(2)							(3)	(3)	COMMON STOCK	804		804	D

Explanation of Responses:

1. This amount includes 447 shares of time based restricted common stock solely owned by Mr. Drobins and 4,751.582 shares solely owned by Mr. Drobins.

2. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock.

3. The restricted stock units vest in three equal annual installments beginning March 11, 2026.

4. The restricted stock units vest in seven equal annual installments beginning August 29, 2026.

	/s/ James M. Bone, Jr., As Attorney-in-Fact for Jeffrey Drobins	03/03/2026
	** 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.

FAQ

What insider transactions did PFIS executive Jeffrey A. Drobins report?

Jeffrey A. Drobins reported a grant of 2,020 PFIS common shares and a 950-share tax-withholding disposition. These equity movements reflect compensation-related activity rather than open-market trading, adjusting his direct ownership and associated tax obligations on February 27, 2026.

How many PFIS shares does Jeffrey A. Drobins own after the reported Form 4 transactions?

After the reported activity, Jeffrey A. Drobins directly owns 5,198.582 PFIS common shares. This total includes 447 time-based restricted shares and the remainder as unrestricted common stock, reflecting equity compensation and prior holdings as of February 27, 2026.

What was the purpose of the 950 PFIS shares disposed of by Jeffrey A. Drobins?

The 950 PFIS common shares were disposed of to cover tax liabilities or exercise costs. The transaction is coded as “F,” meaning shares were delivered at $53.60 per share for payment of tax or exercise obligations, not as an open-market sale.

What restricted stock units (RSUs) does PFIS executive Jeffrey A. Drobins hold?

Jeffrey A. Drobins holds 11,763 PFIS restricted stock units and another 804 RSUs. Each RSU represents a contingent right to one common share, forming a significant portion of his long-term, performance- and time-based equity compensation with scheduled vesting.

When do Jeffrey A. Drobins’ PFIS restricted stock units vest?

One block of PFIS restricted stock units vests in three equal annual installments beginning March 11, 2026. Another block vests in seven equal annual installments beginning August 29, 2026, providing a staggered long-term incentive structure for the executive.

Are Jeffrey A. Drobins’ PFIS transactions open-market buys or sells?

The reported PFIS transactions are compensation-related, not open-market trades. Drobins received 2,020 common shares as a grant at $0.00 per share and disposed of 950 shares coded “F” to satisfy tax or exercise obligations connected to equity awards.