Kenneth C. Cook - Apr 1, 2022 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
EVP, Division President
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Cook
Stock symbol
SASR
Transactions as of
Apr 1, 2022
Transactions value $
-$38,811
Form type
4
Date filed
4/4/2022, 04:53 PM
Previous filing
Mar 17, 2022
Next filing
Dec 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Tax liability -$38.8K -864 -0.4% $44.92 216K Apr 1, 2022 Direct F1
holding SASR Common Stock 2.08K Apr 1, 2022 Direct
holding SASR Common Stock 1.57K Apr 1, 2022 Direct F2
holding SASR Common Stock 2.09K Apr 1, 2022 Direct F3
holding SASR Common Stock 2.98K Apr 1, 2022 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SASR Stock Options (Right to Buy) 47.9K Apr 1, 2022 Common Stock 47.9K $10.96 Direct
holding SASR Stock Options (Right to Buy) 7.84K Apr 1, 2022 Common Stock 7.84K $10.96 Direct
holding SASR Stock Options (Right to Buy) 10.1K Apr 1, 2022 Common Stock 10.1K $16.20 Direct
holding SASR Stock Options (Right to Buy) 7.47K Apr 1, 2022 Common Stock 7.47K $14.77 Direct
holding SASR Stock Options (Right to Buy) 35.8K Apr 1, 2022 Common Stock 35.8K $14.77 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Restricted Stock vested on this date were withheld for tax obligations.
F2 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2021, April 1, 2022, and April 1 2023.
F3 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.
F4 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.