Elizabeth A. Summerville - 22 Mar 2023 Form 4 Insider Report for SALISBURY BANCORP, INC.

Role
Former EVP CRO & Loan Ops Off.
Signature
/s/ Elizabeth A. Summerville
Issuer symbol
N/A
Transactions as of
22 Mar 2023
Net transactions value
-$6,915
Form type
4
Filing time
24 Mar 2023, 15:50:18 UTC
Previous filing
06 Feb 2023
Next filing
14 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAL Common Stock Award $0 +783 $0.000000 783 22 Mar 2023 Direct F1
transaction SAL Common Stock Tax liability $6,915 -284 -36% $24.35 499 22 Mar 2023 Direct F1, F2
holding SAL Common Stock 10,955 22 Mar 2023 Direct F3, F4
holding SAL Common Stock 2,289 22 Mar 2023 ESOP F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Elizabeth A. Summerville is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 (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 783 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 Joint with spouse.
F4 Includes shares acquired upon reinvestment of dividends pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan.
F5 Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.