Kirtley Timothy 4

What Happened

• Timothy Kirtley, EVP and Chief Risk Officer of Peoples Financial Services Corp. (PFIS), received a grant of 662 restricted stock units (RSUs) on 2026-06-26. The grant was reported as an award (derivative acquisition) with an acquisition price of $0.00 — each RSU is a contingent right to one share of PFIS common stock upon vesting.

Key Details

• Transaction date: 2026-06-26; Filing date: 2026-06-30 (Form 4 filed reporting the grant).
• Grant: 662 RSUs, acquisition price $0.00. Per footnote, these 662 RSUs vest in three annual installments beginning 6/26/2027.
• Reported holdings: filing notes Mr. Kirtley beneficially owns 6,052 shares solely and 164 time‑based restricted common shares (per footnote).
• Prior RSU grants: On 3/28/2025 he received 826 RSUs (281 vested 3/11/2026; remaining 273 and 272 vest on 3/11/2027 and 3/11/2028). Another referenced RSU award vests in five equal annual installments beginning 8/29/2026.
• RSU meaning: Each RSU is a contingent right to receive one share upon vesting (not an immediate share transfer). This is an award (code A), not an open-market purchase or sale.

Context

• Awards like RSUs are compensation and typically vest over time; they don’t represent an immediate cash purchase or sale and are not a direct buy signal. Monitor vesting dates for when shares may convert to common stock and potentially be sold.
• The filing shows the grant but does not indicate any immediate sale or exercise. Check the Form 4 for full footnote text and to confirm timeliness relative to SEC reporting rules.