Company: COFS
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012677
Chunk: 28

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 28
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 performance stock units on April 30, 2023 to a select group of employees under the Equity Incentive Plan of 2022. These performance stock units vest on the five-year anniversary of the grant date based on earnings per share growth rate from the date of the grant. Shares can vest at a rate of 125%, 100%, 75%, or 0% based on the growth rate achieved over the five-year time frame. |

| (6) | ChoiceOne granted performance stock units on April 30, 2024 to a select group of employees under the Equity Incentive Plan of 2022. These performance stock units vest on the five-year anniversary of the grant date based on earnings per share growth rate from the date of the grant. Shares can vest at a rate of 125%, 100%, 75%, or 0% based on the growth rate achieved over the five-year time frame. |

20

Director Compensation The following table provides information concerning the compensation of directors for 2024.

|                              |     | Director Compensation |     |                 |     |         |
| Name                         |     |        Fees Earned or 
       Paid in Cash(1) |     | Stock Awards(2) |     |   Total |
| Greg L. Armock               |     |               $41,500 |     |         $20,000 |     | $61,500 |
| Keith D. Brophy              |     |                40,500 |     |         $20,000 |     |  60,500 |
| Michael (Mike) J. Burke, Jr. |     |                     — |     |               — |     |       — |
| Harold J. Burns              |     |                40,500 |     |         $20,000 |     |  60,500 |
| Eric (Rick) E. Burrough      |     |                39,000 |     |         $20,000 |     |  59,000 |
| Curt E. Coulter              |     |                40,500 |     |         $20,000 |     |  60,500 |
| Bruce John Essex, Jr.        |     |                39,000 |     |         $20,000 |     |  59,000 |
| Jack G. Hendon               |     |                49,000 |     |         $20,000 |     |  69,000 |
|