JOHN MATTHEW DAVIES - 29 Mar 2022 Form 4 Insider Report for SALISBURY BANCORP, INC. (SAL)

Role
President of NY Region & CLO
Signature
/s/ John Matthew Davies
Issuer symbol
SAL
Transactions as of
29 Mar 2022
Net transactions value
-$26,190
Form type
4
Filing time
31 Mar 2022, 12:28:54 UTC
Previous filing
01 Mar 2022
Next filing
24 Mar 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 +1,500 $0.000000 1,500 29 Mar 2022 Direct F1
transaction SAL Common Stock Tax liability $26,190 -473 -32% $55.37 1,027 29 Mar 2022 Direct F1, F2
holding SAL Common Stock 1,200 29 Mar 2022 Direct F3
holding SAL Common Stock 1,200 29 Mar 2022 Direct F4
holding SAL Common Stock 1,000 29 Mar 2022 Direct F5
holding SAL Common Stock 1,250 29 Mar 2022 Direct F6
holding SAL Common Stock 6,900 29 Mar 2022 Direct F7
holding SAL Common Stock 3,675 29 Mar 2022 Direct
holding SAL Common Stock 1,328 29 Mar 2022 ESOP F8
* 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. 1,000 units were granted on 3/29/19, subject to three-year cliff vesting and the satisfaction of certain performance criteria. On 3/29/22, the performance criteria for the award was exceeded, resulting in the vesting of 1,500 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 3/29/22.
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 Award of restricted stock pursuant to the Issuer's 2017 Long Term Incentive Plan. The shares were granted on 5/31/19, subject to three-year cliff vesting.
F7 Joint with spouse.
F8 Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.