Company: CMTV
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000534
Chunk: 29

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 29
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 to time for changes to Board compensation, stock splits, or other similar events. Code of Conduct and Ethics The Company maintains a Code of Ethics for Senior Financial Officers and the Principal Executive Officer, which is available on the Company's website at www.communitybancorpvt.com .There were no waivers of any provision of the Code during 2024. Securities Hedging The Company has not adopted any policies or practice guidelines expressly prohibiting directors, officers and other employees, or any of their designees, from purchasing derivatives or other financial instruments, or otherwise engaging in financial transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of the Company’s common stock held directly or indirectly by such individual. However, as discussed below, the Company has adopted an insider trading policy which provides that insiders (directors, officers and employees in possession of material non-public information about the Company) should avoid speculative transactions in the Company’s common stock, such as short sales (the sale of borrowed shares on the expectation of a decline in the market price). As of the date of this proxy statement, after due inquiry, management of the Company is not aware of any hedging activities by Company insiders involving the Company’s common stock. Insider Trading Policy The Board has adoptedan Insider Trading Policy to supplement its conflict of interest policy which is designated to prohibit trading in the Company’s securities by covered persons on the basis of material nonpublic information. Persons covered by the policy include the directors, officers and employees of the Company and/or the Bank, as well as certain third parties who may possess material nonpublic 19 information about the Company, such as advisory council members and certain service providers. The “related persons” of covered person, such as family members residing in the insider’s household, family trusts and controlled entities, are also subject to the policy. In addition to the prohibition on trading on material nonpublic information, the policy prohibits “tipping” of such information to others, holding Company securities in a margin account and engaging in certain speculative trading practices, such as short sales of Company securities. Transactions with Related Persons Director Bruce Baker is a member of the law firm Clarke Demas & Baker PLLC, which performed various legal services for the Bank, on arm’s length terms, during 2024. Director Fredric Oeschger is the President and principal shareholder of Fred’s Energy, a plumbing and heating contractor and fuel oil distributor based in Orleans, Vermont, from which the Company and the Bank purchased plumbing and heating services and heating oil, on