TULANEY THOMAS P 4

What Happened

• Thomas P. Tulaney, President of Peoples Financial Services Corp. (PFIS), had 366 restricted stock units (RSUs) vest and convert into common stock on 2026-03-11. Of those, 264 shares were withheld to cover tax withholding at $51.80/share (total ~$13,675). Net shares received by Mr. Tulaney from this vesting were 102 shares.
• The Form 4 shows the RSU conversion as derivative conversions (code M) and the tax withholding as a disposition (code F). The conversion had no cash exercise price (RSUs convert 1-for-1).

Key Details

• Transaction date: 2026-03-11; Form filed: 2026-03-13 (filed within the usual 2-business-day Form 4 window).
• RSUs vested/converted: 366 shares; shares withheld for taxes: 264 at $51.80/share = $13,675.
• Net new shares to Mr. Tulaney: 102 shares.
• Reported shares owned after the transaction: 22,288 shares (includes 207 shares solely owned and 22,081 shares held jointly with spouse — per filer footnote).
• Relevant footnotes: RSUs convert one-for-one into common stock; 1,075 RSUs were originally granted on 3/28/2025, vesting in three annual installments; 366 vested on 3/11/2026, with 355 and 354 RSUs to vest on 3/11/2027 and 3/11/2028 respectively.

Context

• This was a standard RSU vesting event with shares withheld to satisfy tax obligations (common and generally considered routine). It is not a market-sale signal beyond the required tax withholding.
• For retail investors, purchases/receipts of stock (like net additions here) can be more informative than routine withholdings; this filing shows a modest net increase in the insider’s holdings.