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

Jeffrey A. Drobins, EVP/Chief Lending Officer of Peoples Financial Services Corp., disposed of 124 shares of common stock to cover tax obligations.

Summary

• On March 11, 2024, Jeffrey A. Drobins, EVP/Chief Lending Officer of Peoples Financial Services Corp., disposed of 124 shares of common stock.
• The transaction was executed to cover tax obligations at a price of $41.21 per share.
• Following the transaction, Drobins directly owns 4,319.582 shares of common stock and indirectly owns 277.3779 shares through the PSBT Employee Stock Ownership Plan.
• A Power of Attorney was executed on March 7, 2025, granting John Anderson, James M. Bone, Jr., Laureen Cook, and Stephanie A. Westington the authority to act on Drobins' behalf for SEC filings related to Peoples Financial Services Corp.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction for tax obligation fulfillment.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates