Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 37

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 37
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 to the board of directors, the committee will consider and review an existing director’s Board
and committee performance and his or her satisfaction of any minimum qualifications established by the committee.

We maintain a share ownership
policy, which applies to our non-employee directors, as well as our senior executive officers. This policy requires our non-employee directors
to beneficially own our common stock in an amount equal to four times their annual retainer for board service, and allows five years from
the time policy becomes applicable to them for our non-employee directors to reach compliance. As of December 31, 2024, each of our
non-employee directors was in compliance with our share ownership policy.

Shareholder Communications

Any shareholder who desires
to send communications to our board of directors or to individual directors may do so by directing his or her communication to the following
address: Peoples Financial Services Corp., 102 East Drinker Street, Dunmore, Pennsylvania 18512, Attention: Investor Relations Officer.
All shareholder communications, other than any communications we believe may pose a security risk, will be sent directly to board members.

<div align='center'>24

Security Ownership of Certain Beneficial Owners and Management</div>

The following table sets forth
certain information concerning the ownership of shares of the common stock by each director of the Company, each “named executive
officer” identified below under the heading “Executive Compensation” beginning on page 35, all directors and executive
officers as a group, and any person who is known by us to own beneficially more than five percent of the issued and outstanding common
stock. Except as noted below, information is provided as of March 3, 2025.

| Name                                                         |     | Number of Shares    
 Beneficially Owned+ |                   |     | Percentage of Ownership++ |      |
| William E. Aubrey II                                         |     |                     |       55,602.0000 |     |                           | *    |
| Craig W. Best                                                |     |                     |   22,732.3229 (1) |     |                           | *    |
| Sandra L. Bodnyk                                             |     |                     |        5,187.0000 |     |                           | *    |
| William G. Bracey                                            |     |                     |   27,405.7960 (2) |     |                           | *    |
| Joseph Coccia                                                |     |                     |   39,990.065