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Peoples Financial (PFIS) president corrects stock awards and tax withholding

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Form Type
4/A

Rhea-AI Filing Summary

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.

Positive

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Negative

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Insider TULANEY THOMAS P
Role PRESIDENT
Type Security Shares Price Value
Grant/Award Common Stock 1,880 $0.00 --
Tax Withholding Common Stock 633 $53.60 $34K
holding Restricted Stock Unit -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 22,369 shares (Direct); Restricted Stock Unit — 1,075 shares (Direct); Common Stock — 19,519.488 shares (Indirect, By IRA)
Footnotes (1)
  1. This amount includes 607 shares of time based restricted common stock solely owned by Mr. Tulaney and 21,129 shares held jointly with his spouse. This amended Form 4 corrects the amounts erroneously reported on Mr. Tulaney's Form 4 filed March 3, 2026. On March 3, 2026, the reporting person filed a Form 4 which inadvertently reported the vesting of 2,818 performance based stock awards and 1,121 shares withheld for taxes. As reported in this amendment, 1,880 performance based stock awards vested and 633 shares were withheld for taxes. 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.
Performance awards vested 1,880 shares Performance based stock awards vested on February 27, 2026
Shares withheld for taxes 633 shares at $53.60 Tax-withholding disposition tied to vesting on February 27, 2026
Direct common shares after transactions 21,736 shares Direct PFIS common stock holdings following reported entries
Joint holdings with spouse 21,129 shares Common stock held jointly with spouse within direct total
Time based restricted stock 607 shares Time based restricted common stock solely owned by Tulaney
IRA indirect holdings 19,519.4883 shares PFIS common stock held indirectly by IRA
Restricted stock units 1,075 units Each unit represents one PFIS common share
RSU vesting schedule Three equal annual installments Beginning March 11, 2026 for restricted stock units
performance based stock awards financial
"As reported in this amendment, 1,880 performance based stock awards vested and 633 shares were withheld for taxes."
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of PFIS common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
time based restricted common stock financial
"This amount includes 607 shares of time based restricted common stock solely owned by Mr. Tulaney"
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*
TULANEY THOMAS P
(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)
PRESIDENT
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026		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)
03/03/2026
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 Stock02/27/2026A1,880(2)A$022,369D
Common Stock02/27/2026F633(2)D$53.621,736(1)D
Common Stock19,519.4883IBy IRA
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(3) (4) (4)Common Stock1,0751,075D
Explanation of Responses:
1. This amount includes 607 shares of time based restricted common stock solely owned by Mr. Tulaney and 21,129 shares held jointly with his spouse. This amended Form 4 corrects the amounts erroneously reported on Mr. Tulaney's Form 4 filed March 3, 2026.
2. On March 3, 2026, the reporting person filed a Form 4 which inadvertently reported the vesting of 2,818 performance based stock awards and 1,121 shares withheld for taxes. As reported in this amendment, 1,880 performance based stock awards vested and 633 shares were withheld for taxes.
3. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock.
4. The restricted stock units vest in three equal annual installments beginning March 11, 2026.
/s/ Stephanie A. Westington, CPA, As Attorney in Fact for Thomas P. Tulaney04/07/2026
** 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 president Thomas P. Tulaney report in this amended Form 4?

He reported corrected equity award activity, including vesting of 1,880 performance based stock awards and withholding of 633 common shares at $53.60 per share for taxes. The amendment fixes amounts that were erroneously reported in a prior March 3, 2026 Form 4.

How many PFIS shares did Thomas P. Tulaney have withheld for taxes?

Tulaney had 633 PFIS common shares withheld to satisfy tax obligations, valued at $53.60 per share. This is classified as a tax-withholding disposition and not an open-market sale, and it was tied to the vesting of performance based stock awards on February 27, 2026.

How many performance based PFIS stock awards vested for Tulaney?

A total of 1,880 performance based stock awards vested for Thomas P. Tulaney on February 27, 2026. The original Form 4 had inadvertently reported 2,818 vesting awards, and this amended filing corrects that previously overstated vesting figure to the accurate amount.

What are Thomas P. Tulaney’s direct PFIS share holdings after the transactions?

After the reported transactions, Tulaney directly owns 21,736 PFIS common shares. This total includes 607 shares of time based restricted common stock solely owned by him and 21,129 shares held jointly with his spouse, reflecting updated direct ownership figures.

What indirect PFIS holdings does Tulaney report through his IRA?

Tulaney reports indirect ownership of 19,519.4883 PFIS common shares held by an IRA. These shares are classified as indirect ownership, noted as “By IRA,” and are separate from his directly held and jointly held common stock positions disclosed in the same filing.

What restricted stock units does Tulaney hold and when do they vest?

He holds 1,075 restricted stock units, each representing a contingent right to receive one PFIS common share. These units vest in three equal annual installments, beginning on March 11, 2026, providing a scheduled stream of future share deliveries over three years.

What specific error does this PFIS Form 4/A amendment correct?

The amendment corrects a March 3, 2026 Form 4 that inadvertently reported the vesting of 2,818 performance based stock awards and 1,121 shares withheld for taxes. The accurate figures are 1,880 vested awards and 633 shares withheld for tax obligations on that vesting event.