Company: PFIS
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001104659-25-030614
Chunk: 76

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 76
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 | ) |     | $            | 111,360 |     | $           |  29,005 |   |     | $               |  24,260 |   |     |                | –        |   |     | $         | 1,258 |
| 2020 |     | CEO          |     | $            |   979,298 |     | $         | (20,310  | ) |     |          |       – |   |     | $      | (207,701 | ) |     | $            | 237,686 |     | $           | (62,229 | ) |     | $               |  48,255 |   |     | $              | (36,604  | ) |     | $         | 2,802 |
|      |     | Other NEOs   |     | $            |   511,529 |     | $         | (55,588  | ) |     | $        |  70,743 |   |     | $      | (82,707  | ) |     | $            |  94,647 |     | $           | (23,185 | ) |     | $               |  10,956 |   |     | $              | (10,007  | ) |     | $         |   998 |

| (3) | TSR is determined based on the value of an initial fixed investment of $100 on December 31, 2019.     
 The peer group TSR represents TSR of the S&P U.S. BMI Banks Index.                                    |
| (4) | Return on average tangible common equity (ROATCE), a non-GAAP measure, is equal to net income divided 
 by the difference of average stockholders’ equity minus average intangible assets.                    |

<div align='center'>49</div>

The charts below describe
the relationships between “compensation actually paid” to our named executive officers (NEOs), our total shareholder return
(TSR), our net income and our return on average tangible common equity (ROATCE) for the last five completed fiscal years.

<div align='center'>50

51</div>

Company’s Most Important Financial Performance Measures

The following were the most
important financial performance measures, as determined by the Company, that link compensation actually paid to our CEO and other NEOs
to the Company’s performance for the most recently completed fiscal year.

| E