Ronda M. McDowell - Mar 15, 2023 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
EVP, Chief Operations Officer
Signature
/s/ Janet VA Replogle, attorney-in-fact for Ms. McDowell
Stock symbol
SASR
Transactions as of
Mar 15, 2023
Transactions value $
-$34,745
Form type
4
Date filed
3/16/2023, 01:10 PM
Previous filing
Apr 25, 2022
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 +3.45K $0.00 3.45K Mar 15, 2023 Direct F1
transaction SASR Common Stock Award $0 +3.79K $0.00 3.79K Mar 15, 2023 Direct F2
transaction SASR Common Stock Tax liability -$34.7K -1.26K -33.37% $27.51 2.52K Mar 15, 2023 Direct
holding SASR Common Stock 17.9K Mar 15, 2023 Direct
holding SASR Common Stock 346 Mar 15, 2023 Direct F3
holding SASR Common Stock 1K Mar 15, 2023 Direct F4
holding SASR Common Stock 1.44K Mar 15, 2023 Direct F5
holding SASR Common Stock 2.01K Mar 15, 2023 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2024, April 1, 2025, and April 1 2026.
F2 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.
F3 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years beginning on April 25, 2019.
F4 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2021, April 1, 2022, and April 1 2023.
F5 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.
F6 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.