DAVIES JOHN MATTHEW 4
4 · SALISBURY BANCORP, INC. · Filed Mar 24, 2023
Insider Transaction Report
Form 4
DAVIES JOHN MATTHEW
President of NY Region & CLO
Transactions
- Award
Common Stock
[F1]2023-03-22+1,880→ 1,880 total - Tax Payment
Common Stock
[F2][F1]2023-03-22$24.35/sh−565$13,758→ 1,315 total
Holdings
- 2,400
Common Stock
[F3] - 2,400
Common Stock
[F4] - 2,000
Common Stock
[F5] - 18,354
Common Stock
[F6] - 7,350
Common Stock
- 2,946(indirect: ESOP)
Common Stock
[F7]
Footnotes (7)
- [F1]Award of performance-based restricted stock units (PBRSUs) pursuant to the Issuer's 2017 Long Term Incentive Plan. 2,000 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 1,880 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]Joint with spouse.
- [F7]Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.
Signature
/s/ John Matthew Davies|2023-03-24