Aaron Michael Kaslow - Feb 15, 2022 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
EVP, Gen'l Counsel & Secretary
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Kaslow
Stock symbol
SASR
Transactions as of
Feb 15, 2022
Transactions value $
-$58,159
Form type
4
Date filed
2/16/2022, 04:03 PM
Previous filing
Jul 22, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Award +3.48K +53.22% 10K Feb 15, 2022 Direct F1
transaction SASR Common Stock Tax liability -$58.2K -1.24K -12.32% $47.04 8.8K Feb 15, 2022 Direct F2
holding SASR Common Stock 2.69K Feb 15, 2022 Direct F3
holding SASR Common Stock 1.99K Feb 15, 2022 Direct F4
holding SASR Common Stock 2K Feb 15, 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 22, 2019, the reporting person was granted shares of restricted stock that vested based on certain performance criteria for the period from January 1, 2019 through December 31, 2021. Satisfaction of the performance criteria resulted in the reported shares being earned.
F2 Performance-based restricted stock vested this date net of taxes.
F3 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for three years on the anniversary of the grant.
F4 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2021, April 1, 2022, and April 1 2023.
F5 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.