PEOPLES FINANCIAL SERVICES CORP.·4

Mar 13, 4:34 PM ET

VIENEY AMY 4

Research Summary

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Updated

Peoples Financial (PFIS) EVP Amy Vieney Converts RSUs

What Happened

  • Amy Vieney, EVP & Chief Human Resources Officer of Peoples Financial Services Corp. (PFIS), had 95 restricted stock units (RSUs) vest on 2026-03-11. The RSUs converted into 95 common shares (conversion recorded at $0 exercise price).
  • To cover tax withholding, 66 of those shares were surrendered/withheld at $51.80 per share for a tax payment of $3,419. After withholding, she retained 29 net shares.

Key Details

  • Transaction date: 2026-03-11; Form 4 filed 2026-03-13 (timely filing).
  • Conversion/exercise code: M (exercise/conversion of derivative — RSU vesting); Withholding code: F (payment of tax liability via share withholding).
  • 95 RSUs vested (converted at $0.00); 66 shares withheld at $51.80 each = $3,419 withheld.
  • Beneficially owned after the transaction: 758.058 shares (includes 53 time-based restricted shares and 705.0580 common shares, per footnote).
  • Footnotes: 277 RSUs were originally granted on 3/28/2025, vesting in three annual installments beginning 3/11/2026. This vesting event delivered 95 RSUs now, leaving 92 RSUs to vest on 3/11/2027 and 90 RSUs to vest on 3/11/2028.

Context

  • This was an RSU vesting and standard tax-withholding transaction (company withheld shares to satisfy tax obligations), not an open-market sale or purchase. Such withholding is routine and does not by itself signal a change in insider sentiment.