Timothy Kirtley, Executive Vice President and Chief Risk Officer of Peoples Financial Services Corp. (NASDAQ:PFIS), filed a Form 4 on September 1, 2026, disclosing transactions in common stock and restricted stock units dated August 29, 2026.

Key Highlights

  • RSU vesting: 668 restricted stock units converted into 668 shares of common stock on August 29, 2026, at no cost to the reporting person.
  • Tax withholding disposition: 190 shares were disposed of at $69.63 per share on August 29, 2026, under transaction code F (payment of exercise price or tax liability).
  • Direct ownership after transactions: Kirtley directly held 6,694 shares of common stock following the reported transactions, including 164 shares of time-based restricted common stock.
  • Indirect holdings: An additional 240 shares are held indirectly through the PSBT 401(k) Profit Sharing Plan.
  • Remaining RSUs: Following the vesting, 2,664 RSUs remain outstanding under the direct ownership column across multiple grants.
  • New 2026 grant: On June 26, 2026, Kirtley received a grant of 662 RSUs vesting in three annual installments beginning June 26, 2027.

RSU Vesting Schedule and Transaction Details for Kirtley at Peoples Financial

According to the filing, the August 29, 2026, vesting event stemmed from a grant of 3,332 RSUs made on August 29, 2025. The filing states that those RSUs vest in five annual installments beginning August 29, 2026. With 668 RSUs vesting on that date, the filing discloses that 666 RSUs remain scheduled to vest on each of August 29, 2027, August 29, 2028, August 29, 2029, and August 29, 2030.

A separate grant of 826 RSUs made on March 28, 2025, vests in three annual installments beginning March 11, 2026. The filing reports that 281 RSUs from that grant vested on March 11, 2026, leaving 273 RSUs to vest on March 11, 2027, and 272 RSUs to vest on March 11, 2028. A third grant of 662 RSUs was made on June 26, 2026, with vesting in three annual installments beginning June 26, 2027, according to the filing.

The filing notes that each RSU represents a contingent right to receive one share of PFIS common stock, and that RSUs convert into common stock on a one-for-one basis. The 190-share disposition at $69.63 per share is coded F, indicating shares withheld for tax purposes rather than an open-market sale. The form was signed by James M. Bone, Jr., CPA, as attorney in fact for Timothy H. Kirtley, and filed September 1, 2026.

What Was Disclosed

The filing reports the vesting of 668 RSUs into common stock, the withholding of 190 shares at $69.63 for tax purposes, and Kirtley's resulting direct ownership of 6,694 shares plus 240 shares held indirectly through a 401(k) plan, as of August 29, 2026.