James M. Bone Jr - Jul 1, 2024 Form 4 Insider Report for PEOPLES FINANCIAL SERVICES CORP. (PFIS)

Role: EVP, Chief Operations Officer
Signature: /s/ Stephanie A. Westington, as Attorney-in-Fact for James M. Bone Jr.
Stock symbol: PFIS
Transactions as of: Jul 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/1/2024, 06:11 PM
Previous filing: Mar 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFIS	COMMON STOCK	Award		+10.6K			10.6K	Jul 1, 2024	Direct	F1, F2
transaction	PFIS	COMMON STOCK	Award		+145			145	Jul 1, 2024	By Spouse	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 27, 2023, by and between Peoples Financial Services Corp. ("Peoples") and FNCB Bancorp, Inc. ("FNCB"), on July 1, 2024 (the "Closing Date") FNCB merged with and into Peoples (the "Merger"), with Peoples continuing as the surviving company of the Merger. Pursuant to the Merger Agreement, on the Closing Date each share of FNCB common stock held by the reporting person was converted into the right to receive 0.1460 of a share of common stock of Peoples rounded down to the nearest whole number of shares.
F2	This amount includes 1,411 shares of time-based restricted common stock solely owned by Mr. Bone; 8,201 shares held jointly with his spouse; 890 shares co-owned with Mr. Bone's father and siblings; and 74 shares owned solely by Mr. Bone.

Content

Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 27, 2023, by and between Peoples Financial Services Corp. ("Peoples") and FNCB Bancorp, Inc. ("FNCB"), on July 1, 2024 (the "Closing Date") FNCB merged with and into Peoples (the "Merger"), with Peoples continuing as the surviving company of the Merger. Pursuant to the Merger Agreement, on the Closing Date each share of FNCB common stock held by the reporting person was converted into the right to receive 0.1460 of a share of common stock of Peoples rounded down to the nearest whole number of shares.

This amount includes 1,411 shares of time-based restricted common stock solely owned by Mr. Bone; 8,201 shares held jointly with his spouse; 890 shares co-owned with Mr. Bone's father and siblings; and 74 shares owned solely by Mr. Bone.