KOPLIN NEAL D 4

What Happened Neal D. Koplin, Senior EVP & Chief Banking Officer of Peoples Financial Services Corp. (PFIS), had 323 restricted stock units (RSUs) convert to common stock on 2026-03-11. All 323 RSUs vested and converted at $0.00 per share; 233 of those shares were withheld/disposed to satisfy tax withholding at $51.80 per share, totaling $12,069. That leaves a net receipt of 90 shares for Mr. Koplin.

Key Details

• Transaction date: 2026-03-11. Exercise/conversion code: M (RSU conversion); tax withholding code: F (233 shares withheld at $51.80 = $12,069).
• Shares acquired via conversion: 323; shares withheld/disposed for taxes: 233; net shares retained: 90.
• Holdings cited in the filing include 183 shares of time-based restricted common stock and 10,528.211 shares solely owned by Mr. Koplin (per filing footnote).
• Grant and vesting context: On 2025-03-28 Mr. Koplin was granted 950 RSUs vesting in three annual installments starting 2026-03-11. 323 RSUs vested on 2026-03-11, leaving 314 RSUs to vest on 2027-03-11 and 313 RSUs on 2028-03-11 (per footnotes).
• Filing: Reported on 2026-03-13 for a 2026-03-11 transaction — within the typical two-business-day Form 4 filing window. No 10b5-1 plan or alternative sale plan is disclosed in the filing.

Context This was a routine RSU vesting event with shares withheld to cover tax obligations (a common, administrative “cashless” withholding), not an open-market sale indicating a deliberate liquidity move. Retail investors should view this as compensation-related conversion rather than a standalone buy or sell signal.