Daniel R. Stolzer - Mar 10, 2023 Form 4 Insider Report for CODORUS VALLEY BANCORP INC (CVLY)

Role
General Counsel
Signature
/s/Teresa L. Greider, Attorney-in-Fact
Stock symbol
CVLY
Transactions as of
Mar 10, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 09:38 AM
Previous filing
Aug 26, 2022
Next filing
Mar 12, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVLY Restricted Stock Units Award $0 +970 $0.00 970 Mar 10, 2023 Common Stock 970 $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of CVLY common stock.
F2 50% of the restricted stock units (485 units) are performance based restricted stock units with cliff vesting after the performance period end of 12/31/2025. 50% of the restricted stock units (485 units) are time based restricted stock units which will vest ratable over a 3 year period.