03/13/2026 | Press release | Distributed by Public on 03/13/2026 14:48
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 03/11/2026 | M | 274 | (3) | (3) | COMMON STOCK | 274 | $ 0 | 530(4) | D | ||||
| Restricted Stock Units | (5) | (6) | (6) | COMMON STOCK | 11,763 | 11,763 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Drobins Jeffrey A C/O PEOPLES SECURITY BANK & TRUST CO 30 E D PREATE DRIVE MOOSIC, PA 18507 |
EVP/CHIEF LENDING OFFICER | |||
| /s/ James M. Bone, Jr., As Attorney-in-Fact for Jeffrey Drobins | 03/13/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Restricted stock units (RSUs) convert into common stock on a one-for-one basis. |
| (2) | This amount includes 155 shares of time based restricted common stock solely owned by Mr. Drobins and 5,081.582 shares solely owned by Mr. Drobins. |
| (3) | On 3/28/2025, Mr. Drobins was granted 804 RSUs vesting in three annual installments beginning 3/11/2026. |
| (4) | 274 RSUs vested on 3/11/2026 leaving 266 RSUs to vest on 3/11/2027 and 264 RSUs to vest on 3/11/2028. |
| (5) | Each restricted stock unit represents a contingent right to receive one share of PFIS common stock. |
| (6) | The restricted stock units vest in seven equal annual installments beginning August 29, 2026. |