Craig L. Kauffman - Mar 9, 2023 Form 4 Insider Report for CODORUS VALLEY BANCORP INC (CVLY)

Role
President & CEO
Signature
/s/Teresa L. Greider, Attorney-in-Fact
Stock symbol
CVLY
Transactions as of
Mar 9, 2023
Transactions value $
-$9,575
Form type
4
Date filed
3/13/2023, 05:05 PM
Previous filing
Feb 9, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLY Common Stock Tax liability -$9.58K -396 -0.99% $24.18 39.7K Mar 9, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVLY Restricted Stock Units Award $0 +7.58K $0.00 7.58K Mar 10, 2023 Common Stock 7.58K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of CVLY common stock.
F2 50% of the restricted stock units (3790 units) are performance based restricted stock units with cliff vesting after the performance period end of 12/31/2025. 50% of the restricted stock units (3791 units) are time based restricted stock units which will vest ratably over a 3 year period.