Company: PFIS
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001104659-25-030614
Chunk: 82

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 82
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 |     |                      | 91,865 (4) |
| Equity compensation plans not approved by security holders: None |     |                      | –          |     | N/A                  |     |                      | –          |
| Total                                                            |     |                      | 29,636 (2) |     | N/A                  |     |                      | 91,865 (4) |

| (1) | These plans are the Company’s 2023 Equity Incentive Plan and 2017 Equity Incentive Plan, as well                                         
 as the FNCB Bancorp, Inc. 2023 Equity Incentive Plan, the outstanding awards under which were assumed by the Company in the FNCB         
 merger. The 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