Steven M. Essex - Mar 29, 2022 Form 4 Insider Report for SALISBURY BANCORP, INC. (SAL)

Role
EVP and Head of Trust
Signature
/s/ Steven M. Essex
Stock symbol
SAL
Transactions as of
Mar 29, 2022
Transactions value $
-$12,348
Form type
4
Date filed
3/31/2022, 12:32 PM
Previous filing
Mar 1, 2022
Next filing
May 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAL Common Stock Award $0 +600 $0.00 600 Mar 29, 2022 Direct F1
transaction SAL Common Stock Tax liability -$12.3K -223 -37.17% $55.37 377 Mar 29, 2022 Direct F1, F2
holding SAL Common Stock 200 Mar 29, 2022 Direct F3
holding SAL Common Stock 250 Mar 29, 2022 Direct F4
holding SAL Common Stock 500 Mar 29, 2022 Direct F5
holding SAL Common Stock 500 Mar 29, 2022 Direct F6
holding SAL Common Stock 1.14K Mar 29, 2022 ESOP F7
* 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. 400 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 600 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 Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.