ANDERSON JOHN R III 4

What Happened
John R. Anderson III, Chief Operating Officer of Peoples Financial Services Corp. (PFIS), had 295 restricted stock units (RSUs) vest on March 11, 2026. The RSUs converted one-for-one into shares (no exercise price). To cover tax withholding, 189 of the vested shares were surrendered/disposed at $51.80 per share for a total withholding of $9,790, leaving a net increase of 106 shares to his holdings.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely).
• Vesting: 295 RSUs converted to 295 common shares (code M for conversion/exercise).
• Tax withholding: 189 shares withheld/disposed (code F) at $51.80 each = $9,790.
• Net shares added: 106 shares (295 vested − 189 withheld).
• Shares reported beneficially owned after the transaction: 6,790.748 shares (this total includes 6,583.748 shares solely owned, 167 time‑based restricted shares solely owned, and 40 shares held jointly with spouse).
• RSU grant/vesting schedule: 866 RSUs were granted 3/28/2025; 295 vested on 3/11/2026, with 286 RSUs to vest on 3/11/2027 and 285 on 3/11/2028 (footnotes).

Context
This was a routine RSU vesting with shares withheld to satisfy tax obligations (common practice), not an open‑market sale motivated by trading choice. RSU conversions come with no cash exercise price; the withholding reduces the net shares received. No indication of a 10b5‑1 plan or gifting; the filing appears timely.