John W. Giambalvo - Mar 31, 2023 Form 4 Insider Report for CODORUS VALLEY BANCORP INC (CVLY)

Role
Director
Signature
/s/Teresa L. Greider, Attorney-in-Fact
Stock symbol
CVLY
Transactions as of
Mar 31, 2023
Transactions value $
$9,800
Form type
4
Date filed
4/4/2023, 09:10 AM
Previous filing
Mar 14, 2023
Next filing
May 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLY Common Stock Purchase $9.8K +470 +1.19% $20.85 40K Mar 31, 2023 Direct
holding CVLY Common Stock 6.04K Mar 31, 2023 Jack Giambalvo Motor Co profit sharing plan FBO John Giambalvo
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Remarks:

Adoption date of 10b5-1 Plan 06/22/2021