SWETMAN CHEVIS 4

What Happened
Swetman Chevis, a reported 10% owner of Peoples Financial Corp (PFBX), was allocated 2,888 shares under the company's ESOP effective 12/31/2025. The Form 4 shows an "other acquisition" (transaction code J) at $0.00 per share (total $0), indicating these shares were allocated through the PFC ESOP plan rather than purchased on the open market.

Key Details

• Transaction date: 2025-12-31; Form 4 filed: 2026-02-11.
• Transaction type/code: Other acquisition (J) — allocation under PFC ESOP plan.
• Shares acquired: 2,888; Price: $0.00; Reported total value: $0.
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: Filed later than the typical 2-business-day Form 4 window (filed ~42 days after the transaction).
• Remark on the filing: "Adding Shares for Reporting Person Due to Allocation of PFC ESOP Plan Shares as of 12-31-2025."

Context
ESOP allocations are plan-driven compensation/benefit events and do not reflect open-market buying or selling intent. For retail investors, such allocations increase insider holdings but are generally less informative about the insider’s view of the stock than discretionary purchases. Note the late filing; it affects timeliness of disclosure but not the underlying allocation itself.