Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 61

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 61
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 from his 2023 award, all of which vested on March 11, 
 2024. The value of the vested shares is based on the closing price of $41.21 per share of our common stock on the vesting date.      |

The following table sets forth
information concerning performance-vested restricted stock units that vested during the fiscal year ended December 31, 2024.

| Name                 |     | Number of Shares        
 Acquired on Vesting (#) |       |     | Value Realized    
 on Vesting ($)(1) |        |
| Craig W. Best        |     |                         | 1,178 |     |                   | 60,290 |
| Thomas P. Tulaney    |     |                         |   594 |     |                   | 30,401 |
| Neal D. Koplin       |     |                         |   530 |     |                   | 27,125 |
| Timothy H. Kirtley   |     |                         |   458 |     |                   | 23,440 |
| John R. Anderson III |     |                         |   458 |     |                   | 23,440 |

| (1) | Based on the closing price of $51.18 per share of our common stock on the vesting date, December 31, 
 2024.                                                                                                |

<div align='center'>41

Pension Benefits</div>

The following table sets forth
information concerning our plans that provide for payments or other benefits at, following, or in connection with, retirement for each
of the named executive officers.

| Name                 |     | Plan Name                              |     | Number of 
  Years of 
  Credited 
   Service 
    (#)(1) |     |  Present Value 
 of Accumulated 
        Benefit 
         ($)(2) |     | Payment     
 During Last 
 Fiscal      
 Year ($)    |
| Craig W. Best        |     | Penseco Employees’ Pension Plan        |     |         3 |     |         96,568 |     | –           |
| John R. Anderson III |     | Penseco Employees’ Pension Plan        |     |        18 |     |         65,137 |     | –           |
| Thomas P. Tulaney    |     | Supplemental Executive Retirement Plan |     |        13 |     |      1,453,096 |     | –           |
| Neal D. Koplin