Company: PFIS
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001104659-25-030614
Chunk: 63

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 63
---
lin is eligible to earn a benefit of $62,000 per year commencing upon his retirement at age 67 and continuing for fifteen
years. Mr. Koplin may receive lesser or equal benefits upon a qualifying termination of employment that occurs prior to Mr. Koplin
reaching age 67.

Under his SERP arrangement,
Mr. Kirtley is eligible to earn a benefit of $50,000 per year commencing upon his retirement at age 65 and continuing for ten years.
Mr. Kirtley may receive lesser or equal benefits upon a qualifying termination of employment that occurs prior to Mr. Kirtley
reaching age 65.

Under his SERP arrangement,
Mr. Anderson is eligible to earn a benefit of $50,000 per year commencing upon his retirement at age 65 and continuing for ten years.
Mr. Anderson may receive lesser or equal benefits upon a qualifying termination of employment that occurs prior to Mr. Anderson
reaching age 65.

<div align='center'>42

Nonqualified Deferred Compensation</div>

The following table sets forth
nonqualified deferred compensation contributions during the year ended December 31, 2024.

| Name          |     | Executive     
 Contributions 
 in            
 2024($)       |        |     | Company       
 Contributions 
 in            
 2024($)       |            |     | Aggregate   
 Earnings in 
 2024($)     |            |     | Aggregate     
 Withdrawals/  
 Distributions 
 ($)           |   |     | Aggregate    
 Balance at   
 December 31, 
 2024($)      |           |
|:--------------|:----|:--------------|-------:|:----|:--------------|:-----------|:----|:------------|:-----------|:----|:--------------|:--|:----|:-------------|----------:|
| Craig W. Best |     |               |      – |     |               | 25,426 (1) |     |             | –          |     |               | – |     |              |   222,948 |
| Craig W. Best |     |               | 52,000 |     |               | 26,000 (2) |     |             | 75,611 (3) |     |               | – |     |              | 1,050,423 |
| Craig W. Best |     |               |      – |     |               | 80,000 (4) |     |             | 67,583 (5