Company: PFIS
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021551
Chunk: 52

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 52
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2024, our most highly
compensated executive officers were determined without regard to any compensation paid by FNCB Bancorp, Inc. or FNCB Bank prior to
their merger with and into the Company and the Bank. Other than Mr. Best and Mr. Anderson, Thomas P. Tulaney, Neal D. Koplin
and Timothy H. Kirtley were determined to be our most highly compensated executive officers. These five officers are referred to in this
proxy statement as our “named executive officers.” The following tables and narratives set forth certain information regarding
the compensation of our named executive officers.

<div align='center'>2024 Summary Compensation Table</div>

|                                            |     |      |     |         |     |         |     |         |     |                |     |     Change in |    |     |              |    |     |         |
|                                            |     |      |     |         |     |         |     |         |     |                |     | Pension Value |    |     |              |    |     |         |
|                                            |     |      |     |         |     |         |     |         |     |                |     |           and |    |     |              |    |     |         |
|                                            |     |      |     |         |     |         |     |         |     |                |     |  Nonqualified |    |     |              |    |     |         |
|                                            |     |      |     |         |     |         |     |         |     |     Non-Equity |     |      Deferred |    |     |              |    |     |         |
|                                            |     |      |     |         |     |         |     |   Stock |     | Incentive Plan |     |  Compensation |    |     |    All Other |    |     |         |
|                                            |     |      |     |  Salary |     |   Bonus |     |  Awards |     |   Compensation |     |      Earnings |    |     | Compensation |    |     |   Total |
| Name and Principal Position                |     | Year |     |      -$ |     |      -$ |     |   -$)(1 |     |             -$ |     |            -$ |    |     |           -$ |    |     |      -$ |
| Craig W. Best                              |     | 2024 |     | 472,420 |     | 234