BONE JAMES M JR 4

What Happened James M. Bone Jr., Chief Financial Officer of PEOPLES FINANCIAL SERVICES CORP. (PFIS), received an award of 793 restricted stock units (RSUs) on 2026-06-26. The RSUs are derivative awards (reported as an acquisition at $0.00), so no cash changed hands. Each RSU represents a contingent right to receive one share of PFIS common stock upon vesting.

Key Details

• Transaction date and type: 2026-06-26 — Grant/Award of 793 RSUs (derivative, reported at $0.00).
• Vesting schedule: The 793 RSUs vest in three annual installments beginning 2027-06-26 (per footnote F6).
• Prior RSU grants: On 2025-03-28 Mr. Bone was granted 932 RSUs vesting in three annual installments starting 2026-03-11; 317 of those vested on 2026-03-11 leaving 308 and 307 RSUs to vest on 2027-03-11 and 2028-03-11 respectively (F4–F5).
• Holdings detail: Footnotes indicate his holdings include 846 time-based restricted shares held solely, 8,983 shares held jointly with his spouse, 890 shares co-owned with family, and ~80.6234 shares owned solely (including small DRP amounts). His spouse also acquired small DRP amounts earlier in 2026 (F1–F2).
• Filing timeliness: Form 4 was filed 2026-06-30 for the 2026-06-26 grant — the filing appears timely (within the Form 4 reporting window).

Context This was an equity compensation award (RSUs) as part of executive pay—not an open-market buy or sale—so it reflects compensation/retention rather than a directional trade. RSUs convert to actual shares only as they vest (one share per RSU) and are reported as derivative holdings until then.