Form 4: Peoples Financial Services Corp. Executive Timothy Kirtley Reports Changes in Beneficial Ownership

EVP/Chief Risk Officer Timothy Kirtley reports a transaction involving Peoples Financial Services Corp. common stock due to tax withholding on vested restricted stock.

Summary

• On March 11, 2024, Timothy Kirtley, EVP/Chief Risk Officer of Peoples Financial Services Corp., reported a transaction involving the company's common stock.
• The transaction involved the disposition of 140 shares at a price of $41.21 per share to cover tax obligations.
• Following the transaction, Kirtley directly owns 5,217 shares of common stock and indirectly owns 215.2168 shares through an Employee Stock Ownership Plan.
• Kirtley has granted power of attorney to John Anderson, James M. Bone, Jr., Laureen Cook, and Stephanie A. Westington to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a routine stock transaction for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction for tax purposes and doesn't necessarily reflect a change in the executive's long-term outlook on the company.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive for tax purposes.

Key Dates