Peoples Financial Services Corp. filings document the public-company records of a Pennsylvania bank holding company and its Peoples Security Bank and Trust Company subsidiary. Recent 8-K reports furnish unaudited results of operations and financial condition, Regulation FD presentation materials, and leadership changes affecting executive roles at the holding company and bank.
Proxy materials cover annual meeting governance, director matters, executive compensation, equity awards and shareholder voting disclosures. The filing record also identifies core bank-regulatory investor topics such as capital structure, board oversight, officer matters, and exhibits tied to earnings releases and material events.
PEOPLES FINANCIAL SERVICES CORP. executive vice president and chief operating officer John R. Anderson III amended a prior insider report to correct stock award figures. On February 27, 2026, 1,460 performance-based stock awards vested and 438 shares of common stock were withheld to cover taxes at $53.60 per share.
After these entries, Anderson directly holds 6,309.748 shares of common stock, including time-based restricted stock and jointly held shares, plus 1,880 shares held indirectly through the PSBT 401(k) Profit Sharing Plan. He also has 866 restricted stock units, which each represent a right to receive one share of common stock and vest in three equal annual installments beginning March 11, 2026.
Peoples Financial Services Corp. will hold its 2026 annual shareholder meeting virtually on May 22, 2026, at 9:00 a.m. Eastern via live audio webcast. Shareholders of record as of March 2, 2026, may participate and vote.
Key matters include electing four directors to terms ending in 2029, an advisory “say‑on‑pay” vote on executive compensation, and an advisory vote to keep say‑on‑pay held every one year. Shareholders are also asked to approve an amendment to the 2023 Equity Incentive Plan so up to 300,000 shares may be issued under the plan, and to ratify Baker Tilly US, LLP as independent registered public accounting firm for the year ending December 31, 2026.
The proxy statement explains voting methods, majority voting for directors, treatment of broker non‑votes, the board’s committee structure and risk oversight framework, and provides extensive biographies and qualifications for current and proposed directors.
Peoples Financial Services Corp. president Thomas P. Tulaney exercised 709 restricted stock units (RSUs) into 709 shares of common stock. The RSUs converted on a one-for-one basis, with vesting accelerated to April 3, 2026, leaving no remaining RSU balance from this grant.
To cover tax obligations, 315 common shares were disposed of through a tax-withholding transaction at $54.62 per share, which is not an open-market sale. After these transactions, Tulaney directly holds 22,232 common shares, in addition to 19,519.4883 shares held indirectly through an IRA.
Peoples Financial Services Corp. president Thomas P. Tulaney corrected a prior equity award report and detailed recent stock-based compensation activity. On February 27, 2026, 1,880 performance based stock awards vested and 633 shares of common stock were withheld at $53.60 per share to cover taxes.
After these entries, he directly owns 21,736 common shares, including 607 shares of time based restricted stock and 21,129 shares held jointly with his spouse, plus 19,519.4883 shares held indirectly through an IRA. He also holds 1,075 restricted stock units, each representing one common share, which vest in three equal annual installments beginning March 11, 2026.
Peoples Financial Services Corp. reported leadership and board changes. Effective April 3, 2026, Gerard A. Champi, already Chief Executive Officer, will also serve as President of Peoples and its banking subsidiary, following the retirement of Thomas P. Tulaney.
In connection with his retirement, Mr. Tulaney will receive accelerated vesting of 207 shares of restricted stock and 709 restricted stock units under the 2023 Equity Incentive Plan and will retain a company vehicle. Peoples Bank also entered into a Consulting and Confidentiality Agreement under which he will provide senior advisory services for a monthly fee of $8,000.
Separately, director Elisa Zúñiga Ramirez informed the company she will not stand for reelection at the 2026 annual meeting, a decision not based on any disagreement. The boards of Peoples and Peoples Bank will each decrease their size at that time.
Peoples Financial Services Corp: Amendment to beneficial ownership filing by The Vanguard Group. The Vanguard Group filed an Amendment No. 1 to a Schedule 13G/A stating it beneficially owns 0 shares (0%) of Peoples Financial Services Corp common stock following an internal realignment described with reference to SEC Release No. 34-39538. The amendment explains certain Vanguard subsidiaries and business divisions now report ownership separately and that The Vanguard Group, Inc. no longer is deemed to have beneficial ownership of securities held by those entities. The filing is signed by Ashley Grim, Head of Global Fund Administration.
Peoples Financial Services Corp. furnished an updated investor presentation in connection with anticipated investor meetings during 2026. The presentation, titled “2025 Investor Presentation (March 2026)”, is available on the company’s investor relations website and is included as Exhibit 99.1 to this report.
The information in the presentation is stated as of the dates indicated within it, and the company notes it does not assume any obligation to correct or update that information. The materials are being provided under Item 7.01, and the company specifically disclaims any inferences about the materiality of the disclosed information.
Peoples Financial Services Corp. reports on a transformational year marked by the completed merger with FNCB Bancorp, which added $1.8 billion in assets, $1.2 billion in loans and $1.4 billion in deposits, for total consideration of about $133.7 million and $12.6 million of goodwill.
At December 31, 2025, commercial real estate loans totaled $2.31 billion, or 56.9% of the loan portfolio, within a diversified mix by property type. Total loans held for investment were $4.07 billion, supported by an allowance for credit losses of $39.0 million, equal to 0.96% of loans.
Asset quality improved: nonperforming assets fell to $12.1 million from $23.0 million, and the ACL coverage of nonperforming loans rose to 344.6%. The bank remained strongly capitalized, with a common equity Tier 1 ratio of 13.06% and total risk-based capital ratio of 14.01%, and maintained $2.27 billion in available liquidity across FHLB, Federal Reserve capacity, brokered deposits and unencumbered securities.
Peoples Financial Services Corp. EVP/Chief Information Officer Susan L. Hubble exercised restricted stock units and had shares withheld for taxes. On March 11, 2026, 279 restricted stock units converted into 279 shares of common stock, including 279 shares credited to an IRA at an exercise price of $0.0000 per share.
A separate Form 4 entry shows 164 common shares, held indirectly through an IRA, were disposed of at $51.8000 per share under code F, meaning they were delivered to satisfy tax or exercise obligations rather than sold on the open market. Following these transactions, Hubble holds 2,010 common shares directly and 2,625 common shares indirectly through an IRA, along with 540 restricted stock units.
Footnotes explain that the RSUs convert one-for-one into common stock and relate to a grant of 819 RSUs made on March 28, 2025, vesting in three annual installments. Of that grant, 279 RSUs vested on March 11, 2026, with 271 scheduled to vest on March 11, 2027 and 269 on March 11, 2028.