Kevin Slane - 15 Feb 2022 Form 4 Insider Report for SANDY SPRING BANCORP INC

Role
EVP, Chief Risk Officer
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Slane
Issuer symbol
N/A
Transactions as of
15 Feb 2022
Net transactions value
-$56,152
Form type
4
Filing time
16 Feb 2022, 16:08:35 UTC
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Award +3,311 +45% 10,616 15 Feb 2022 Direct F1
transaction SASR Common Stock Tax liability $56,152 -1,194 -11% $47.04 9,422 15 Feb 2022 Direct F2
holding SASR Common Stock 2,848 15 Feb 2022 Direct
holding SASR Common Stock 1,829 15 Feb 2022 Direct F3
holding SASR Common Stock 667 15 Feb 2022 Direct F4
holding SASR Common Stock 2,306 15 Feb 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 6, 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 will vest ratably on April 1, 2021, April 1, 2022, and April 1 2023.
F4 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for three years beginning April 1, 2020.
F5 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.