Todd J. Rubino - Mar 22, 2023 Form 4 Insider Report for SALISBURY BANCORP, INC. (SAL)

Signature
/s/ Todd J. Rubino
Stock symbol
SAL
Transactions as of
Mar 22, 2023
Transactions value $
-$6,477
Form type
4
Date filed
3/24/2023, 03:49 PM
Previous filing
Apr 25, 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 +846 $0.00 846 Mar 22, 2023 Direct F1
transaction SAL Common Stock Tax liability -$6.48K -266 -31.44% $24.35 580 Mar 22, 2023 Direct F1, F2
holding SAL Common Stock 1.8K Mar 22, 2023 Direct F3
holding SAL Common Stock 1.8K Mar 22, 2023 Direct F4
holding SAL Common Stock 1.7K Mar 22, 2023 Direct F5
holding SAL Common Stock 13.1K Mar 22, 2023 Direct
holding SAL Common Stock 1K Mar 22, 2023 Direct F6
holding SAL Common Stock 2.67K 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. 900 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 846 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 Shares held joint with spouse.
F7 Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.