R. Caceres - Feb 15, 2022 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
EVP, Chief Wealth Officer
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Caceres
Stock symbol
SASR
Transactions as of
Feb 15, 2022
Transactions value $
-$74,152
Form type
4
Date filed
2/16/2022, 04:38 PM
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 +4.49K +13.36% 38.1K Feb 15, 2022 Direct F1
transaction SASR Common Stock Tax liability -$74.2K -1.58K -4.13% $47.04 36.6K Feb 15, 2022 Direct F2
holding SASR Common Stock 559 Feb 15, 2022 Direct F3
holding SASR Common Stock 1.14K Feb 15, 2022 Direct F4
holding SASR Common Stock 2.97K Feb 15, 2022 Direct
holding SASR Common Stock 905 Feb 15, 2022 Direct F5
holding SASR Common Stock 3.1K Feb 15, 2022 Direct F6
* 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 vests in equal installments annually for five years beginning April 1, 2018.
F4 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years on the anniversary of the grant.
F5 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for three years beginning April 1, 2020.
F6 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.