Form 4: Peoples Financial Services Corp. Officer Thomas P. Tulaney Reports Stock Disposal
SEC Form 4 Filing
Thomas P. Tulaney, President of Peoples Financial Services Corp., disposed of 153 shares of common stock to cover tax obligations related to equity compensation.
Summary
- On March 11, 2024, Thomas P. Tulaney, President of Peoples Financial Services Corp., filed a Form 4 indicating a change in beneficial ownership of the company's stock.
- The transaction involved the disposal of 153 shares of common stock at a price of $41.21 per share.
- This disposal was related to the satisfaction of tax obligations.
- Following the transaction, Tulaney directly owns 20,647.412 shares of common stock.
- Tulaney also indirectly owns 852.2164 shares through an Employee Stock Ownership Plan and 17,690.45 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Form 4) detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a disposal of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock disposal transaction. |
| 03/07/2025 | Date of signature for power of attorney. |
| 02/28/2025 | Date of execution for power of attorney. |
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