# EDGAR Filing Document

**Accession Number:** 0001608281
**File Stem:** 0001174947-23-000430
**Filing Date:** 2023-3
**Character Count:** 7319
**Document Hash:** 29e0c68d46932394178beda240bd6dc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001174947-23-000430.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001174947-23-000430

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230322

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** CLINTON TODD M
- **CENTRAL INDEX KEY:** 0001608281

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14854
- **FILM NUMBER:** 23759734

**MAIL ADDRESS:**
- **STREET 1:** 258 INDIAN LAKE RD
- **CITY:** MILLERTON
- **STATE:** NY
- **ZIP:** 12546
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SALISBURY BANCORP, INC.
- **CENTRAL INDEX KEY:** 0001060219
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **IRS NUMBER:** 061514263
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 5 BISSELL ST
- **STREET 2:** PO BOX 1868
- **CITY:** LAKEVILLE
- **STATE:** CT
- **ZIP:** 06039-1868
- **BUSINESS PHONE:** 8604359801

**MAIL ADDRESS:**
- **STREET 1:** 5 BISSELL ST
- **STREET 2:** PO BOX 1868
- **CITY:** LAKEVILLE
- **STATE:** CT
- **ZIP:** 06039-1868

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Salisbury Bancorp, Inc.
- **DATE OF NAME CHANGE:** 20210422

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SALISBURY BANCORP INC
- **DATE OF NAME CHANGE:** 19980420

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>CLINTON TODD M<br><sub>(Last) (First) (Middle)</sub><br>258 INDIAN LAKE RD<br><sub>(Street)</sub><br>MILLERTON, NY 12546<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-22 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP & Chief Risk Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SALISBURY BANCORP, INC. [ SAL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-22 |  | A |  | 940 | A | $0.00 | 940<sup>(1)</sup> | D |  |
| Common Stock | 2023-03-22 |  | F |  | 350<sup>(2)</sup> | D | $24.35 | 590<sup>(1)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 1000<sup>(3)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 1000<sup>(4)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 1000<sup>(5)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 14226<sup>(6)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 2588<sup>(7)</sup> | I | ESOP |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Award of performance-based restricted stock units (PBRSUs) pursuant to the Issuer's 2017 Long Term Incentive Plan. 1,000 units (adjusted for the two-for-one stock split effective 6/30/22) were granted on 7/29/20, subject to three-year cliff vesting and the satisfaction of certain performance criteria. On 3/22/23, the performance criteria for the award was determined, resulting in the vesting of 940 restricted stock units.

(2) 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 3/22/23.

(3) 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

(4) 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.

(5) 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.

(6) Joint with Spouse

(7) Shares granted pursuant to the Issuer's 2013 Employee Stock Ownership Plan.

**Signature:** /s/ Todd M. Clinton  
**Date:** 2023-03-24

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**