CLINTON TODD M 4
4 · SALISBURY BANCORP, INC. · Filed Aug 14, 2023
Insider Transaction Report
Form 4
CLINTON TODD M
EVP & Chief Risk Officer
Transactions
- Disposition to Issuer
Common Stock
2023-08-11−2,588→ 0 total(indirect: ESOP) - Award
Common Stock
2023-08-10+2,000→ 18,802 total - Disposition to Issuer
Common Stock
2023-08-11−18,202→ 0 total - Award
Common Stock
2023-08-10+1,409→ 17,225 total - Tax Payment
Common Stock
2023-08-10$27.45/sh−423$11,611→ 16,802 total - Tax Payment
Common Stock
2023-08-10$27.45/sh−600$16,470→ 18,202 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.