ESSEX STEVEN M 4

4 · SALISBURY BANCORP, INC. · Filed Aug 14, 2023

Form 4Exit

Period: 2023-08-10

EVP and Head of Trust

Transactions

Award
Common Stock
[F1]
2023-08-10+1,409→ 3,009 total
Tax Payment
Common Stock
[F1]
2023-08-10$27.45/sh−423$11,611→ 2,586 total
Award
Common Stock
[F2]
2023-08-10+900→ 3,486 total
Tax Payment
Common Stock
[F2]
2023-08-10$27.45/sh−270$7,412→ 3,216 total
Disposition to Issuer
Common Stock
[F3]
2023-08-11−3,216→ 0 total
Disposition to Issuer
Common Stock
[F3]
2023-08-11−2,529→ 0 total(indirect: By ESOP)

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. 500 shares were granted on 5/19/21 and 400 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.

Signature

/s/ Steven M. Essex|2023-08-14

Documents

1 file