John Matthew Davies - Mar 22, 2023 Form 4 Insider Report for SALISBURY BANCORP, INC. (SAL)

Signature
/s/ John Matthew Davies
Stock symbol
SAL
Transactions as of
Mar 22, 2023
Transactions value $
-$13,758
Form type
4
Date filed
3/24/2023, 03:44 PM
Previous filing
Mar 31, 2022
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAL Common Stock Award $0 +1.88K $0.00 1.88K Mar 22, 2023 Direct F1
transaction SAL Common Stock Tax liability -$13.8K -565 -30.05% $24.35 1.32K Mar 22, 2023 Direct F1, F2
holding SAL Common Stock 2.4K Mar 22, 2023 Direct F3
holding SAL Common Stock 2.4K Mar 22, 2023 Direct F4
holding SAL Common Stock 2K Mar 22, 2023 Direct F5
holding SAL Common Stock 18.4K Mar 22, 2023 Direct F6
holding SAL Common Stock 7.35K Mar 22, 2023 Direct
holding SAL Common Stock 2.95K Mar 22, 2023 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. 2,000 units (adjusted for the two-for-one stock split effective 6/30/22) were granted on 7/29/20, subject to three-year cliff vesting and the satisfaction of certain performance criteria. On 3/22/23, the performance criteria for the award was determined, resulting in the vesting of 1,880 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 3/22/23.
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 Joint with spouse.
F7 Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.