Peoples Financial (PFIS) EVP converts RSUs, uses 164 shares for taxes

Rhea-AI Filing Summary

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.

Insider Trade Summary

279 shares exercised/converted

Mixed 4 txns

Insider Hubble Susan L

Role EVP/CHIEF INFORMATION OFFICER

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--
Exercise	Restricted Stock Units	279	$0.00	--
Exercise	Common Stock	279	$0.00	--
Tax Withholding	Common Stock	164	$51.80	$8K

Holdings After Transaction: Common Stock — 2,010 shares (Direct); Restricted Stock Units — 540 shares (Direct); Common Stock — 2,491 shares (Indirect, By IRA)

Footnotes (1)

1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis. This amount includes 159 shares of time based restricted common stock solely owned by Ms. Hubble and 1,851 shares solely owned by Ms. Hubble. On 3/28/2025, Ms. Hubble was granted 819 RSUs vesting in three annual installments beginning 3/11/2026. 279 RSUs vested on 3/11/2026 leaving 271 RSUs to vest on 3/11/2027 and 269 RSUs to vest on 3/11/2028.

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
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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^*

Hubble Susan L

(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 INFORMATION OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/11/2026		M		279	A	(1)	2,491	I	By IRA
Common Stock	03/11/2026		F		164	D	$51.8	2,625	I	By IRA
Common Stock								2,010(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/11/2026		M			279	(3)	(3)	COMMON STOCK	279(4)	$0	540	D

Explanation of Responses:

1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.

2. This amount includes 159 shares of time based restricted common stock solely owned by Ms. Hubble and 1,851 shares solely owned by Ms. Hubble.

3. On 3/28/2025, Ms. Hubble was granted 819 RSUs vesting in three annual installments beginning 3/11/2026.

4. 279 RSUs vested on 3/11/2026 leaving 271 RSUs to vest on 3/11/2027 and 269 RSUs to vest on 3/11/2028.

	/s/ James M. Bone, Jr., As Attorney-in-Fact for Susan Hubble	03/13/2026
	** 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 Susan L. Hubble report?

Susan L. Hubble reported an exercise of 279 restricted stock units into common stock and a disposition of 164 common shares to cover tax obligations. These transactions reflect routine equity compensation activity rather than open-market buying or selling.

How many restricted stock units did PFIS EVP Susan Hubble exercise?

She exercised 279 restricted stock units, which converted into 279 shares of Peoples Financial common stock on a one-for-one basis. The Form 4 labels this as an exercise or conversion of a derivative security at an exercise price of $0.0000 per share.

Why were 164 PFIS shares disposed of in Susan Hubble’s Form 4 filing?

The 164 common shares were disposed of under transaction code F, indicating they were delivered to pay the exercise price or tax liability. This type of disposition is for withholding obligations and does not represent an open-market sale decision.

What are Susan Hubble’s PFIS share holdings after these transactions?

After the reported transactions, Hubble holds 2,010 shares of Peoples Financial common stock directly and 2,625 shares indirectly through an IRA. She also retains 540 restricted stock units that may convert into additional common shares upon future vesting.

What is the vesting schedule for Susan Hubble’s PFIS restricted stock units?

Hubble received 819 RSUs on March 28, 2025, vesting in three annual installments starting March 11, 2026. Of this grant, 279 RSUs vested in 2026, with 271 due to vest in 2027 and 269 in 2028, subject to continued service conditions.

Are Susan Hubble’s PFIS transactions open-market purchases or sales?

No open-market purchases or sales are reported. The Form 4 shows an exercise of restricted stock units and a code F tax-related share disposition. Both are standard equity compensation events rather than discretionary trading in the open market.