Stephen M. Altland - 09 Mar 2023 Form 4 Insider Report for CODORUS VALLEY BANCORP INC (CVLY)

Role: SVP of PeoplesBank
Signature: /s/Teresa L. Greider, Attorney-in-Fact
Issuer symbol: CVLY
Transactions as of: 09 Mar 2023
Transactions value $: -$3,603
Form type: 4
Filing time: 13 Mar 2023, 15:30:05 UTC
Previous filing: 09 Feb 2023
Next filing: 17 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLY	Common Stock	Tax liability	-$3.6K	-149	-0.84%	$24.18	17.7K	09 Mar 2023	Direct

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	+2.31K		$0.00	2.31K	10 Mar 2023	Common Stock	2.31K	$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	50% of the restricted stock units (1156 units) are performance based restricted stock units with cliff vesting after the performance period end of 12/31/2025. 50% of the restricted tock units (1156 units) are time based restricted stock units which will vest ratably over a 3 year period.