Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 82

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 82
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2023 Equity Incentive Plan replaced the 2017 Equity Incentive Plan and no further awards will be made under the 2017 Equity  
 Incentive Plan or the FNCB Bancorp, Inc. 2023 Equity Incentive Plan.                                                                     |
| (2) | Represents shares that may be issued under awards of performance-vested restricted stock units if specified                              
 performance goals are met. Assumes shares issued upon vesting of performance-vested restricted stock units vest at the maximum number    
 of shares that may be earned.                                                                                                            |
| (3) | The weighted average exercise price does not apply to the performance-vested restricted stock units.                                     |
| (4) | Includes 91,865 shares available for future issuance under the Company’s 2023 Equity Incentive Plan.                                     
 If and to the extent that an award outstanding under the 2017 Equity Incentive Plan terminates, expires, is canceled or is forfeited for 
 any reason, the shares associated with that award will become available for issuance under the 2023 Equity Incentive Plan.               |

<div align='center'>Shareholder Nominations and Proposals</div>

Nominations of persons for
election to the board of directors and the proposal of business to be considered by the shareholders at an annual meeting of shareholders
may be made by any shareholder of the Company who was a shareholder of record at the time of the notice for the annual meeting, who is
entitled to vote at the annual meeting, and who complies with the notice procedures set forth in our bylaws.

For director nominations or
other proposals to be properly brought before the 2026 annual meeting by a shareholder, the shareholder must give written notice to the
Secretary of the Company at Peoples Financial Services Corp., 102 East Drinker Street, Dunmore, Pennsylvania 18512, on or after February 8,
2026 and no later than March 10, 2026, and any proposal other than a director nomination must be a proper matter for shareholder
action, and not otherwise excludable under the rules and regulations of the SEC. In order for a shareholder proposal other than a
director nomination to be included in the Company’s proxy statement for the 2026 annual meeting of shareholders, in addition to
meeting all of the requirements set forth in our bylaws, and all requirements of applicable securities laws, we must receive the proposal
by December 5, 2025. In the case of