Kirtley Timothy 4/A

What Happened
Timothy Kirtley, EVP & Chief Risk Officer of Peoples Financial Services Corp. (PFIS), had 1,432 performance-based restricted stock units (RSUs) vest on February 27, 2026 (acquired at $0.00). To cover tax withholding, 395 shares were surrendered/disposed at $53.60 each, totaling $21,172. This filing is an amendment correcting earlier reported amounts.

Key Details

• Transactions reported for 2026-02-27:
  • Award/Grant (A): 1,432 performance-based RSUs vested; acquisition reported at $0.00 per share.
  • Tax withholding (F): 395 shares withheld/disposed at $53.60 each, proceeds = $21,172.
• Amendment: A prior Form 4 filed March 3, 2026 inadvertently reported 2,146 vested performance awards and 725 shares withheld for taxes; this April 10 amendment corrects the numbers to 1,432 vested and 395 withheld.
• Shares owned after transaction: reporting indicates Mr. Kirtley solely owns at least 6,103 shares (5,628 shares + 475 time-based restricted common shares per footnote).
• RSU mechanics: each restricted stock unit equals a contingent right to one PFIS share (footnote). Some restricted stock units vest in installments — three equal annual installments beginning March 11, 2026, and others vest in five equal annual installments beginning August 29, 2026.

Context

• This was not an open-market purchase or voluntary sale of stock for investment purposes; the 1,432 shares reflect vesting of performance-based awards, and the 395-share disposition was a routine tax-withholding action (code F).
• The amendment corrects previously reported amounts; the original March 3 Form 4 appears to have been timely for the Feb 27 vesting, and this filing simply updates the record.