Form 4: PFIS CFO Converts RSUs to Common Stock

Peoples Financial Services Corp. EVP/CFO James M. Bone Jr. converted 317 restricted stock units into common stock on March 11, 2026.

Summary

• EVP/Chief Financial Officer James M. Bone Jr. of Peoples Financial Services Corp. converted 317 Restricted Stock Units (RSUs) into common stock.
• The transaction occurred on March 11, 2026.
• Following this transaction, Mr. Bone directly owns 10,797.9104 shares of common stock and indirectly owns 159.3854 shares through his spouse.
• The direct ownership includes 1,128 shares of time-based restricted common stock, 8,701 shares held jointly with his spouse, 890 shares co-owned with his father and siblings, and 78.9104 shares owned solely by Mr. Bone.
• Mr. Bone was originally granted 932 RSUs on March 28, 2025, vesting in three annual installments.
• After this vesting, 615 RSUs remain outstanding, with 308 scheduled to vest on March 11, 2027, and 307 on March 11, 2028.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting a routine executive compensation vesting and an increase in direct insider ownership, which generally aligns management interests with shareholders.

Positives

• Conversion of Restricted Stock Units into common stock indicates a vesting event, which is a positive for the executive's compensation.
• The executive's continued beneficial ownership of a significant number of shares aligns management interests with shareholders.

Future Outlook

The filing indicates a future vesting schedule for James M. Bone Jr.'s remaining Restricted Stock Units, with 308 units set to vest on March 11, 2027, and 307 units on March 11, 2028.

Industry Context

StockSavvy.ai notes that insider transactions, such as RSU conversions, are common in the financial services industry as part of executive compensation packages, aligning management incentives with long-term shareholder value. This particular filing reflects a routine vesting event for a key executive at a regional bank.

Related Party Transactions

• James M. Bone Jr. holds 8,701 shares jointly with his spouse and 890 shares co-owned with his father and siblings, indicating related party beneficial ownership.

Stakeholder Impact

• Shareholders may view the increase in direct insider ownership as a positive signal, indicating management's continued commitment to the company.
• Employees, particularly other executives, may see this as a standard part of executive compensation, reinforcing the company's incentive structures.

Next Steps

• 308 Restricted Stock Units (RSUs) are scheduled to vest on March 11, 2027.
• 307 Restricted Stock Units (RSUs) are scheduled to vest on March 11, 2028.

Key Dates

Recommendation

This Form 4 filing details a routine RSU vesting and conversion for an executive, which is an expected event and does not provide new fundamental information to warrant a change in investment recommendation. It reinforces insider ownership but is not a catalyst for significant price movement.

Keywords

Peoples Financial Services Corp., PFIS, James M. Bone Jr., Restricted Stock Units, RSU conversion, Common Stock, Insider Transaction, SEC Form 4, Executive Compensation, Stock Ownership