Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 8

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 8
---
 and FORthe ratification
of Baker Tilly US, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025.

<div align='center'>3</div>

If you hold your shares of
the Company’s common stock in “street name” (that is, through a bank, broker or other nominee), under applicable rules,
brokers have the discretion to vote on routine matters, such as the ratification of the selection of accounting firms, but do not have
discretion to vote on non-routine matters. Rules applicable to brokers consider uncontested elections of directors, matters related
to executive compensation, and matters related to corporate governance to be non-routine. If you hold your shares in street name, but
do not give your broker or other nominee instructions on how to vote your shares, votes may not be cast on your behalf. If your broker
or other nominee submits a proxy but does not vote your shares on a particular proposal because it has not received voting instructions
from you, your shares will be considered to be “broker non-votes” with regard to that matter.

At or after the annual meeting,
a judge of elections will tabulate ballots cast by shareholders present and voting at the virtual annual meeting and votes cast by proxy.

What is a broker non-vote?

A broker non-vote occurs when
a bank, brokerage firm or other nominee holding shares on behalf of a shareholder does not receive voting instructions from the shareholder
by a specified date before the annual meeting and the bank, brokerage firm or other nominee is not permitted to vote, or otherwise does
not vote, those undirected shares on specified matters. Thus, if you do not give your broker specific instructions, your shares may not
be voted on those matters (so-called “broker non-votes”) and will not be counted in determining the number of shares necessary
for approval. Broker non-votes are not considered to be votes cast and, therefore, generally have no effect on the outcome of elections
of directors or other business which are determined based on votes cast. Shares represented by “broker non-votes” will be
counted, however, in determining the number of shares of common stock represented by participation in the virtual annual meeting or by
proxy and entitled to vote.

Can I revoke my proxy or change my vote after submitting my proxy?

Yes. Any shareholder giving
a proxy has the right to virtually attend the annual meeting and vote during the annual meeting. A proxy may be revoked prior