Form 4: Peoples Financial Services Corp. Executive Stephanie A. Westington Reports Stock Disposal
SEC Form 4 Filing
Stephanie A. Westington, SVP/Chief Accounting Officer of Peoples Financial Services Corp., reports the disposal of 47 shares of common stock to cover tax obligations related to restricted stock units.
Summary
- On May 15, 2025, Stephanie A. Westington, SVP/Chief Accounting Officer of Peoples Financial Services Corp. (PFIS), reported a transaction involving the disposal of 47 shares of common stock.
- The shares were disposed of at a price of $50.55 per share.
- Following the transaction, Ms. Westington directly owns 3,292 shares of common stock.
- Ms. Westington also holds 263 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.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The restricted stock units vest in three equal annual installments beginning March 11, 2026, indicating future potential stock ownership for Ms. Westington.
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 related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of stock disposal transaction. |
| 05/19/2025 | Date of Form 4 filing. |
| 03/11/2026 | First vesting date for restricted stock units. |
Keywords
Form 4, Beneficial Ownership, PFIS, Peoples Financial Services Corp., Stephanie A. Westington, Insider Trading, Stock Disposal, Restricted Stock Units
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