Form 4: Peoples Financial Services Corp. Executive Reports Stock Disposal

Mary Griffin Cummings, EVP/General Counsel of Peoples Financial Services Corp., reports the disposal of 74 common stock shares to cover tax obligations related to restricted stock units.

Summary

• Mary Griffin Cummings, an executive at Peoples Financial Services Corp. (PFIS), filed a Form 4 with the SEC.
• The filing reports a transaction on May 15, 2025, where 74 shares of common stock were disposed of at a price of $50.55.
• This disposal was related to covering tax obligations associated with restricted stock units.
• Following the transaction, Ms. Cummings beneficially owns 6,677 shares of common stock.
• She also holds 723 restricted stock units, which vest in three equal annual installments starting March 11, 2026, each representing a contingent right to receive one share of PFIS common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a common transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The disposal of shares to cover tax obligations is a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.

Key Dates

Keywords

Form 4, SEC Filing, Stock Disposal, Restricted Stock Units, Beneficial Ownership, Peoples Financial Services Corp., PFIS, Mary Griffin Cummings, Executive Compensation