Peoples Financial (PFIS) CEO Gerard A. Champi Receives Award

What Happened

• Gerard A. Champi, CEO of Peoples Financial Services Corp. (PFIS), received a grant of 1,762 restricted stock units (RSUs) on 2026-06-26. The award was granted at $0.00 (derivative award), meaning no cash was paid; the RSUs convert to shares upon vesting.
• This is a compensation award (not a market purchase or sale). The RSUs vest in three annual installments beginning 2027-06-26.

Key Details

• Transaction date and type: 2026-06-26 — Award/Grant (code A); price reported $0.00.
• Shares granted: 1,762 RSUs; vesting in three annual installments starting 6/26/2027.
• Holdings noted in the filing: includes 1,944 shares of time‑based restricted common stock, 375 shares solely owned by Mr. Champi, and 18,117 shares held jointly with his spouse (per footnote).
• Relevant footnotes: F2 clarifies each RSU represents a contingent right to one share; F3–F5 describe prior and current RSU grants and vesting schedules (a 3/28/2025 grant of 2,024 RSUs with partial vesting on 3/11/2026, and the new 1,762 RSU grant on 6/26/2026).
• Filing timeliness: Transaction reported on 2026-06-30. Because the grant occurred on 6/26/2026, the Form 4 was filed within the standard two business days (timely).

Context

• RSUs are a form of equity compensation and do not represent an immediate market purchase or sale; they become shares only as they vest. Such awards reflect executive compensation and not necessarily a bullish or bearish signal about near-term stock moves.
• The filing notes prior RSU grants and vesting progress, which helps track future potential share issuances to the CEO as remaining RSUs vest.