John Matthew Davies - Mar 29, 2022 Form 4 Insider Report for SALISBURY BANCORP, INC. (SAL)

Role
President of NY Region & CLO
Signature
/s/ John Matthew Davies
Stock symbol
SAL
Transactions as of
Mar 29, 2022
Transactions value $
-$26,190
Form type
4
Date filed
3/31/2022, 12:28 PM
Previous filing
Mar 1, 2022
Next filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAL Common Stock Award $0 +1.5K $0.00 1.5K Mar 29, 2022 Direct F1
transaction SAL Common Stock Tax liability -$26.2K -473 -31.53% $55.37 1.03K Mar 29, 2022 Direct F1, F2
holding SAL Common Stock 1.2K Mar 29, 2022 Direct F3
holding SAL Common Stock 1.2K Mar 29, 2022 Direct F4
holding SAL Common Stock 1K Mar 29, 2022 Direct F5
holding SAL Common Stock 1.25K Mar 29, 2022 Direct F6
holding SAL Common Stock 6.9K Mar 29, 2022 Direct F7
holding SAL Common Stock 3.68K Mar 29, 2022 Direct
holding SAL Common Stock 1.33K Mar 29, 2022 ESOP F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of performance-based restricted stock units (PBRSUs) pursuant to the Issuer's 2017 Long Term Incentive Plan. 1,000 units were granted on 3/29/19, subject to three-year cliff vesting and the satisfaction of certain performance criteria. On 3/29/22, the performance criteria for the award was exceeded, resulting in the vesting of 1,500 restricted stock units.
F2 Shares retired to satisfy the reporting person's tax withholding obligations in a non-discretionary transaction in connection with the vesting and settlement of PBRSUs on 3/29/22.
F3 Award of restricted stock pursuant to the Issuer's 2017 Long Term Incentive Plan. The shares were granted on 2/28/22, subject to three-year cliff vesting.
F4 Award of restricted stock pursuant to the Issuer's 2017 Long Term Incentive Plan. The shares were granted on 5/19/21, subject to three-year cliff vesting.
F5 Award of restricted stock pursuant to the Issuer's 2017 Long Term Incentive Plan. The shares were granted on 5/29/20, subject to three-year cliff vesting.
F6 Award of restricted stock pursuant to the Issuer's 2017 Long Term Incentive Plan. The shares were granted on 5/31/19, subject to three-year cliff vesting.
F7 Joint with spouse.
F8 Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.