Company: PFIS
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001104659-25-030614
Chunk: 61

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 61
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 130 shares from his 2022 award, and 149 shares from his 2023 award, all of which vested on March 11, 
 2024. The value of the vested shares is based on the closing price of $41.21 per share of our common stock on the vesting date.      |

The following table sets forth
information concerning performance-vested restricted stock units that vested during the fiscal year ended December 31, 2024.

| Name                 |     | Number of Shares        
 Acquired on Vesting (#) |       |     | Value Realized    
 on Vesting ($)(1) |        |
| Craig W. Best        |     |                         | 1,178 |     |                   | 60,290 |
| Thomas P. Tulaney    |     |                         |   594 |     |                   | 30,401 |
| Neal D. Koplin       |     |                         |   530 |     |                   | 27,125 |
| Timothy H. Kirtley   |     |                         |   458 |     |                   | 23,440 |
| John R. Anderson III |     |                         |   458 |     |                   | 23,440 |

| (1) | Based on the closing price of $51.18 per share of our common stock on the vesting date, December 31, 
 2024.                                                                                                |

<div align='center'>41

Pension Benefits</div>

The following table sets forth
information concerning our plans that provide for payments or other benefits at, following, or in connection with, retirement for each
of the named executive officers.

| Name                 |     | Plan Name                              |     | Number of 
  Years of 
  Credited 
   Service 
    (#)(1) |     |  Present Value 
 of Accumulated 
        Benefit 
         ($)(2) |     | Payment     
 During Last 
 Fiscal      
 Year ($)    |
| Craig W. Best        |     | Penseco Employees’ Pension Plan        |     |         3 |     |         96,568 |     | –           |
| John R. Anderson III |     | Penseco Employees’ Pension Plan        |     |        18 |     |         65,137 |     | –           |
| Thomas P. Tulaney    |     | Supplemental Executive Retirement Plan |     |        13 |     |      1,453