ANDERSON JOHN R III 4/A

What Happened
John R. Anderson III, COO of Peoples Financial Services Corp. (PFIS), had 1,460 performance-based restricted stock units vest on February 27, 2026 (transaction code A). To cover tax withholding (transaction code F), 438 shares were withheld at $53.60 per share, a disposal value of $23,477. The filing is an amendment correcting an earlier Form 4 filed March 3, 2026.

Key Details

• Transaction date: February 27, 2026. Amended Form 4 filed April 10, 2026 to correct previously reported figures. (Original March 3 filing overstated vesting and withholding; see footnote.)
• Vesting: 1,460 performance-based RSUs vested (each RSU = 1 share).
• Tax withholding: 438 shares withheld at $53.60/share for $23,477 (reported as a disposition, code F).
• Shares owned after transaction (per filing): 6,309.748 shares beneficially owned (includes 484 time-based restricted shares, 5,785.748 shares solely owned, and 40 jointly held).
• Footnotes: Amendment corrects prior numbers (previously reported 2,188 vested and 791 withheld). Time-based RSUs vest in three equal annual installments beginning March 11, 2026.
• Timeliness: Filing was amended (marked late correction); the amendment fixes reporting errors rather than changing the underlying vesting event.

Context
This was an award vesting event, not a market purchase or sale for investment purposes. Withholding shares to cover taxes is a common administrative step and does not necessarily indicate a change in insider sentiment. Performance-based RSUs convert to common shares upon vesting; time-based RSUs have separate vesting schedule beginning March 11, 2026.