Form 4: Peoples Financial Services Corp.: EVP/CFO James M. Bone, Jr. Reports Acquisition of Common Stock and Restricted Stock Units

James M. Bone, Jr., EVP/CFO of Peoples Financial Services Corp., reports the acquisition of common stock through a dividend reinvestment plan and restricted stock units, as well as adjustments to his beneficial ownership.

Summary

• On March 28, 2025, James M. Bone, Jr., EVP/Chief Financial Officer of Peoples Financial Services Corp. (PFIS), reported changes in his beneficial ownership of the company's securities.
• He acquired 1.0124 shares of common stock at a price of $44.13 per share through the Issuer's Dividend Reinvestment and Stock Purchase Plan.
• He was also granted 930 restricted stock units, each representing a contingent right to receive one share of PFIS common stock, which vest in three equal annual installments beginning March 11, 2026.
• Following these transactions, Mr. Bone directly owns 10,578.1394 shares of common stock and indirectly owns 153.7894 shares through his spouse.
• He also directly owns 930 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports routine transactions. The acquisition of shares and grant of restricted stock units can be seen as mildly positive, indicating confidence in the company's future.

Positives

• The acquisition of shares through the dividend reinvestment plan indicates confidence in the company's future performance.
• The grant of restricted stock units aligns Mr. Bone's interests with those of the shareholders, incentivizing him to improve the company's performance over the long term.

Future Outlook

The restricted stock units vest in three equal annual installments beginning March 11, 2026.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their alignment with shareholder interests.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The details disclosed are consistent with regulatory requirements for reporting changes in beneficial ownership.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the holdings of a key executive.
• The transactions have a minimal direct impact on other stakeholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Dividend Reinvestment, James M. Bone Jr., PFIS, Peoples Financial Services Corp., EVP/CFO, Insider Trading