Craig L. Kauffman - 09 Nov 2021 Form 4 Insider Report for CODORUS VALLEY BANCORP INC (CVLY)

Role
Director
Signature
/s/ Teresa L. Greider, Attorney in Fact
Issuer symbol
CVLY
Transactions as of
09 Nov 2021
Transactions value $
$0
Form type
4
Filing time
12 Nov 2021, 14:41:00 UTC
Previous filing
17 Aug 2021
Next filing
16 Feb 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVLY Restricted Stock Units Award $0 +15.6K $0.00 15.6K 09 Nov 2021 Common Stock 15.6K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of CVLY common stock
F2 60% of the restricted stock units (9,338.4 units) are performance-based restricted stock units with cliff vesting after the performance period end of December 31, 2024. 40% of the restricted stock units (6,225.6 units) are time-based restricted stock units which will vest ratably over a three-year period.