Company: COFS
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012677
Chunk: 29

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 29
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 Gregory A. McConnell         |     |                40,500 |     |         $20,000 |     |  60,500 |
| Bradley F. McGinnis          |     |                39,000 |     |         $20,000 |     |  59,000 |
| Roxanne M. Page              |     |                41,500 |     |         $20,000 |     |  61,500 |
| Kelly J. Potes               |     |                     — |     |               — |     |       — |
| Michelle M. Wendling         |     |                40,500 |     |          20,000 |     |  60,500 |

| (1) | Directors may elect to defer fees otherwise payable in cash and instead receive payment in the form of ChoiceOne common stock pursuant to the Directors Stock Purchase Plan described in the narrative below. For 2024, Messrs. Armock, Burns, Burrough, Coulter (for two payments), and McGinnis, elected to receive 100% of their fees in the form of ChoiceOne stock, Messrs. Brophy and Coulter (for two payments) received 50% of their fees in the form of ChoiceOne stock, and Wendling received 25% of her fees in the form of ChoiceOne stock. |

Director Compensation During 2024, ChoiceOne compensated its non-employee directors with an annual retainer of $39,000 in cash and $20,000 in stock awards. ChoiceOne compensated its Chairman of the Board with an additional $10,000 in cash. ChoiceOne compensated its Committee Chairpersons in cash as follows: $2,500 for the Audit Committee Chairperson, $1,500 for the Personnel and Compensation Committee Chairperson, $1,500 for the Risk Committee Chairperson and $1,500 for the Governance and Nominating Committee Chairperson. ChoiceOne Bank compensated its Committee Chairpersons in cash as follows: $2,500 for the Loan Committee Chairperson, $1,500 for the Wealth Management Committee Chairperson, and $1,500 for the Information Technology Committee Chairperson. Under ChoiceOne's Directors' Stock Purchase Plan, a director may elect to receive payment of 25%, 50%, 75% or 100% of his or her director fees in the form of ChoiceOne common stock. On each stock purchase date, a director participating in this plan receives a number of shares of Choice