CANTELE RICHARD J JR 4
4 · SALISBURY BANCORP, INC. · Filed Aug 14, 2023
Insider Transaction Report
Form 4
CANTELE RICHARD J JR
DirectorPresident & CEO
Transactions
- Award
Common Stock
2023-08-10+11,200→ 74,116 total - Disposition to Issuer
Common Stock
2023-08-11−4,065→ 0 total(indirect: By ESOP) - Tax Payment
Common Stock
2023-08-10$27.45/sh−1,268$34,807→ 62,916 total - Award
Common Stock
2023-08-10+4,226→ 64,184 total - Disposition to Issuer
Common Stock
2023-08-11−70,756→ 0 total - Tax Payment
Common Stock
2023-08-10$27.45/sh−3,360$92,232→ 70,756 total
Footnotes (3)
- [F1]Award of performance-based restricted stock units (PBRSUs) pursuant to the Issuer's 2017 Long Term Incentive Plan. 3,000 units were granted on 6/23/21 and 3,000 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 (2,613 and 1,613 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. 5,600 shares were granted on 5/19/21 and 5,600 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.