R. Caceres - Apr 1, 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
Apr 1, 2022
Transactions value $
-$59,654
Form type
4
Date filed
4/4/2022, 04:30 PM
Previous filing
Mar 17, 2022
Next filing
Apr 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Tax liability -$59.7K -1.33K -3.28% $44.92 39.2K Apr 1, 2022 Direct F1
holding SASR Common Stock 1.14K Apr 1, 2022 Direct F2
holding SASR Common Stock 1.49K Apr 1, 2022 Direct F3
holding SASR Common Stock 2.07K Apr 1, 2022 Direct F4
holding SASR Common Stock 3.15K Apr 1, 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of vested restricted stock withheld for tax obligations.
F2 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years on the anniversary of the grant.
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 will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.
F5 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.