Balesano Carla L 4
4 · SALISBURY BANCORP, INC. · Filed Aug 14, 2023
Insider Transaction Report
Form 4
Balesano Carla L
EVP, Chief Credit Officer
Transactions
- Disposition to Issuer
Common Stock
2023-08-11−214→ 0 total(indirect: By ESOP) - Award
Common Stock
2023-08-10+2,000→ 4,586 total - Tax Payment
Common Stock
2023-08-10$27.45/sh−423$11,611→ 2,586 total - Award
Common Stock
2023-08-10+1,409→ 3,009 total - Tax Payment
Common Stock
2023-08-10$27.45/sh−600$16,470→ 3,986 total - Disposition to Issuer
Common Stock
2023-08-11−3,986→ 0 total
Footnotes (3)
- [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 6/23/21 and 1,000 units were granted on 2/28/22, subject to three-year cliff vesting and the satisfaction of certain performance criteria. A pro-rata portion of the shares (871 and 538 respectively) vested on 8/10/2023, subject to accelerated vesting upon certain change in control events.
- [F2]Award of restricted stock pursuant to the Issuer's 2017 Long Term Incentive Plan. 1,000 shares were granted on 5/19/21 and 1,000 shares were granted on 2/28/22, subject to three-year cliff vesting. The shares vested on 8/10/2023, subject to accelerated vesting upon certain change in control events.
- [F3]Each share of Issuer common stock was converted into and became exchangeable for the right to receive 0.7450 shares of NBT Bancorp Inc. ("Buyer") common stock.