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Peoples Financial (PFIS) EVP exercises RSUs, 60 shares used for taxes

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

Rhea-AI Filing Summary

Peoples Financial Services Corp. EVP and General Counsel Mary Griffin Cummings exercised restricted stock units and had shares withheld for taxes. On 3/11/2026, 246 RSUs converted into an equal number of common shares at a $0.00 conversion price. On 5/15/2026, 60 common shares were disposed of to cover tax obligations at $56.35 per share, a non-market, tax-withholding transaction rather than an open-market sale. After these transactions, she directly holds 6,780 common shares, including 657 time-based restricted shares, plus 477 RSUs remaining from prior grants.

Positive

  • None.

Negative

  • None.
Insider Cummings Mary Griffin
Role EVP/GENERAL COUNSEL
Type Security Shares Price Value
Tax Withholding Common Stock 60 $56.35 $3K
Exercise Restricted Stock Unit 246 $0.00 --
Holdings After Transaction: Common Stock — 6,780 shares (Direct, null); Restricted Stock Unit — 477 shares (Direct, null)
Footnotes (1)
  1. This amount includes 657 shares of time based restricted common stock and 6,123 shares owned by Ms. Cummings. Restricted stock units (RSUs) convert into common stock on a one-for-one basis. On 3/28/2025, Ms. Cummings was granted 723 RSUs vesting in three annual installments beginning 3/11/2026. 246 RSUs vested on 3/11/2026 leaving 239 RSUs to vest on 3/11/2027 and 238 RSUs to vest on 3/11/2028.
RSUs exercised 246 units Restricted stock units converted to common stock on 3/11/2026
Tax-withheld shares 60 shares at $56.35 Common shares delivered for tax obligations on 5/15/2026
Common shares held 6,780 shares Direct holdings after transactions, including restricted shares
Time-based restricted common 657 shares Included within total common shares held after transactions
RSUs remaining 477 units Unvested RSUs after 246 vested on 3/11/2026
RSU grant size 723 units RSUs granted on 3/28/2025 vesting in three annual installments
Restricted stock units (RSUs) financial
"Restricted stock units (RSUs) convert into common stock on a one-for-one basis."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
time based restricted common stock financial
"This amount includes 657 shares of time based restricted common stock and 6,123 shares owned by Ms. Cummings."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Cummings Mary Griffin
(Last)(First)(Middle)
C/O PEOPLES SECURITY BANK & TRUST CO.
30 E D PREATE DRIVE
(Street)
MOOSIC PENNSYLVANIA 18507
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PEOPLES FINANCIAL SERVICES CORP. [ PFIS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP/GENERAL COUNSEL
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/15/2026F60D$56.356,780(1)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(2)03/11/2026M246 (3) (3)Common Stock246$0477(4)D
Explanation of Responses:
1. This amount includes 657 shares of time based restricted common stock and 6,123 shares owned by Ms. Cummings.
2. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
3. On 3/28/2025, Ms. Cummings was granted 723 RSUs vesting in three annual installments beginning 3/11/2026.
4. 246 RSUs vested on 3/11/2026 leaving 239 RSUs to vest on 3/11/2027 and 238 RSUs to vest on 3/11/2028.
/s/ James M. Bone, Jr., CPA Attorney in Fact for Mary Griffin Cummings, Esquire05/19/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did PFIS executive Mary Griffin Cummings report in this Form 4?

She reported an RSU vesting and a related tax-withholding share disposition. On 3/11/2026, 246 restricted stock units converted into common stock, and on 5/15/2026, 60 common shares were withheld to satisfy tax obligations at $56.35 per share.

How many PFIS shares does Mary Griffin Cummings hold after these transactions?

After the transactions, she directly holds 6,780 common shares. This figure includes 657 shares of time-based restricted common stock and 6,123 other common shares, reflecting her consolidated direct equity position following the RSU vesting and tax withholding.

What RSU activity did PFIS disclose for Mary Griffin Cummings?

PFIS disclosed that 246 RSUs vested on 3/11/2026 and converted into 246 common shares on a one-for-one basis. The filing also notes a 3/28/2025 grant of 723 RSUs vesting in three annual installments beginning 3/11/2026 under the company’s plan.

How many restricted stock units remain for Mary Griffin Cummings at PFIS?

After 246 RSUs vested on 3/11/2026, she has 477 RSUs remaining. Footnotes state that 239 RSUs are scheduled to vest on 3/11/2027 and 238 RSUs on 3/11/2028, all converting into common stock one-for-one upon vesting.

Was the PFIS share disposition by Mary Griffin Cummings an open-market sale?

No, the disposition was for tax withholding, not an open-market trade. The 60 shares on 5/15/2026 were delivered at $56.35 per share to pay tax liabilities associated with equity compensation, a routine, non-discretionary transaction coded as "F".