Form 4: Peoples Financial Services Corp. CEO Gerard Champi Reports Acquisition of Restricted Stock Units

CEO Gerard Champi reports the acquisition of 2,024 restricted stock units in Peoples Financial Services Corp.

Summary

• Gerard A. Champi, CEO of Peoples Financial Services Corp., filed a Form 4 on April 1, 2025, reporting a transaction on March 28, 2025.
• The transaction involved the acquisition of 2,024 restricted stock units (RSUs) representing a contingent right to receive one share of PFIS common stock each.
• These RSUs vest in three equal annual installments starting March 11, 2026.
• Mr. Champi directly owns 19,747 shares of common stock, including 2,430 shares of time-based restricted common stock, 375 shares solely owned, and 16,942 shares held jointly with his spouse.
• A Power of Attorney was executed on February 28, 2025, granting John Anderson, James M. Bone, Jr., Laureen Cook, and Stephanie A. Westington the authority to file SEC forms on Mr. Champi's behalf.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to executive compensation. The sentiment is neutral, reflecting routine corporate activity.

Positives

• The acquisition of restricted stock units by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units vest in three equal annual installments beginning March 11, 2026, suggesting a multi-year incentive structure for the CEO.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The acquisition of restricted stock units is a common form of executive compensation.

Stakeholder Impact

• The acquisition of restricted stock units by the CEO could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Form 4, restricted stock units, PFIS, Peoples Financial Services Corp., Gerard Champi, CEO, beneficial ownership, Section 16(a)