Richard J. Cantele Jr - Mar 29, 2022 Form 4 Insider Report for SALISBURY BANCORP, INC. (SAL)

Role
President and CEO, Director
Signature
/s/ Richard J. Cantele, Jr.
Stock symbol
SAL
Transactions as of
Mar 29, 2022
Transactions value $
-$39,091
Form type
4
Date filed
3/31/2022, 12:30 PM
Previous filing
Mar 1, 2022
Next filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAL Common Stock Award $0 +2.25K $0.00 2.25K Mar 29, 2022 Direct F1
transaction SAL Common Stock Tax liability -$39.1K -706 -31.38% $55.37 1.54K Mar 29, 2022 Direct F1, F2
holding SAL Common Stock 2.8K Mar 29, 2022 Direct F3
holding SAL Common Stock 2.8K Mar 29, 2022 Direct F4
holding SAL Common Stock 2.5K Mar 29, 2022 Direct F5
holding SAL Common Stock 2.5K Mar 29, 2022 Direct F6
holding SAL Common Stock 16.7K Mar 29, 2022 Direct F7, F8
holding SAL Common Stock 5.03K Mar 29, 2022 Direct F8
holding SAL Common Stock 6 Mar 29, 2022 CUSTODIAN F9
holding SAL Common Stock 1.87K Mar 29, 2022 ESOP F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of performance-based restricted stock units (PBRSUs) pursuant to the Issuer's 2017 Long Term Incentive Plan. 1,500 units were granted on 3/29/19, subject to three-year cliff vesting and the satisfaction of certain performance criteria. On 3/29/22, the performance criteria for the award was exceeded, resulting in the vesting of 2,250 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 3/29/22.
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 Award of restricted stock pursuant to the Issuer's 2017 Long Term Incentive Plan. The shares were granted on 5/31/19, subject to three-year cliff vesting.
F7 Joint with spouse
F8 Includes shares acquired upon reinvestment of dividends pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan
F9 Custodian for daughter.
F10 Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.