Daniel R. Stolzer - 10 Mar 2023 Form 4 Insider Report for CODORUS VALLEY BANCORP INC

Role
General Counsel
Signature
/s/Teresa L. Greider, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
10 Mar 2023
Net transactions value
$0
Form type
4
Filing time
14 Mar 2023, 09:38:25 UTC
Previous filing
26 Aug 2022
Next filing
12 Mar 2024
SEC
View on sec.gov

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 +970 $0.000000 970 10 Mar 2023 Common Stock 970 $0.000000 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 (485 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 (485 units) are time based restricted stock units which will vest ratable over a 3 year period.