Kenneth C. Cook - Mar 15, 2023 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
Director
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Cook
Stock symbol
SASR
Transactions as of
Mar 15, 2023
Transactions value $
-$74,772
Form type
4
Date filed
3/16/2023, 12:52 PM
Previous filing
Feb 28, 2023
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Award $0 +5.9K $0.00 5.9K Mar 15, 2023 Direct F1
transaction SASR Common Stock Tax liability -$74.8K -2.72K -46.08% $27.51 3.18K Mar 15, 2023 Direct
holding SASR Common Stock 2.72K Mar 15, 2023 Direct
holding SASR Common Stock 221K Mar 15, 2023 Direct
holding SASR Common Stock 0 Mar 15, 2023 Direct F2
holding SASR Common Stock 0 Mar 15, 2023 Direct F3
holding SASR Common Stock 2.87K Mar 15, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 11, 2020, the reporting person was granted restricted stock units that vested based on certain performance criteria for the period from January 1, 2020 through December 31, 2022. Satisfaction of the performance criteria resulted in the reported shares being earned.
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.