TULANEY THOMAS P 4

What Happened

• Thomas P. Tulaney, President of Peoples Financial Services Corp. (PFIS), received an award of 2,818 restricted stock units/awarded shares (reported as acquisition at $0.00) on 2026-02-27. To cover tax withholding related to the award, 1,121 shares were surrendered/disposed at $53.60 per share, totaling $60,086. This was a grant plus a routine tax-withholding disposition, not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-02-27; Form filed 2026-03-03 (timely).
• Award: 2,818 restricted stock units / awarded shares, acquisition price reported $0.00.
• Tax withholding/disposition: 1,121 shares @ $53.60 = $60,086 (code F — tax withholding).
• Shares beneficially owned after transaction: 22,186 total (includes 607 shares solely owned and 21,579 shares held jointly with spouse) per filing footnote.
• Footnotes: Each restricted stock unit represents a contingent right to one share (RSU). The RSUs vest in three equal annual installments beginning March 11, 2026.

Context

• This was primarily an award of RSUs and a routine tax-withholding share disposition (not a market-sale signal). For derivative/award transactions like RSUs, the filing shows the grant and the shares withheld to cover taxes; vesting is scheduled over the next three years.