TULANEY THOMAS P 4/A
4/A · PEOPLES FINANCIAL SERVICES CORP. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
Peoples Financial (PFIS) President Thomas P. Tulaney Receives Award; 633 Shares Withheld
What Happened
- Thomas P. Tulaney, President of Peoples Financial Services Corp. (PFIS), had 1,880 performance-based restricted stock units (RSUs) vest on Feb 27, 2026 (acquired at $0.00). To cover tax withholding, 633 shares were retained/disposed at $53.60 per share, totaling $33,929. This filing is an amendment correcting amounts reported on the Form 4 filed March 3, 2026.
Key Details
- Transaction date: February 27, 2026.
- Award: 1,880 performance-based RSUs vested (code A), reported as acquired at $0.00.
- Tax withholding: 633 shares withheld/disposed (code F) at $53.60 each = $33,929.
- Shares owned after transaction: 21,736 total beneficially owned after the transaction (607 time‑based restricted shares solely owned; 21,129 shares held jointly with spouse) [per filing footnote].
- Footnote corrections: original March 3 Form 4 incorrectly reported 2,818 performance awards vesting and 1,121 shares withheld; this amendment corrects those figures to 1,880 vested and 633 withheld.
- RSU details: each restricted stock unit equals one share; certain restricted stock units vest in three equal annual installments beginning March 11, 2026 (time‑based RSUs).
Context
- The main event was vesting of performance RSUs (an award/acquisition). The 633-share disposition was a tax-withholding (not an open-market sale) — a routine administrative step to satisfy tax obligations rather than a directional trade. The filing is an amended Form 4 to correct previously reported numbers; the original Form 4 was filed March 3, 2026.
Insider Transaction Report
Form 4/AAmended
TULANEY THOMAS P
PRESIDENT
Transactions
- Award
Common Stock
[F2]2026-02-27+1,880→ 22,369 total - Tax Payment
Common Stock
[F2][F1]2026-02-27$53.60/sh−633$33,929→ 21,736 total
Holdings
- 19,519.488(indirect: By IRA)
Common Stock
- 1,075
Restricted Stock Unit
[F3][F4]→ Common Stock (1,075 underlying)
Footnotes (4)
- [F1]This amount includes 607 shares of time based restricted common stock solely owned by Mr. Tulaney and 21,129 shares held jointly with his spouse. This amended Form 4 corrects the amounts erroneously reported on Mr. Tulaney's Form 4 filed March 3, 2026.
- [F2]On March 3, 2026, the reporting person filed a Form 4 which inadvertently reported the vesting of 2,818 performance based stock awards and 1,121 shares withheld for taxes. As reported in this amendment, 1,880 performance based stock awards vested and 633 shares were withheld for taxes.
- [F3]Each restricted stock unit represents a contingent right to receive one share of PFIS common stock.
- [F4]The restricted stock units vest in three equal annual installments beginning March 11, 2026.
Signature
/s/ Stephanie A. Westington, CPA, As Attorney in Fact for Thomas P. Tulaney|2026-04-07