Joseph J. O'Brien Jr - Apr 3, 2023 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
Executive Vice President
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. O'Brien
Stock symbol
SASR
Transactions as of
Apr 3, 2023
Transactions value $
-$40,035
Form type
4
Date filed
4/4/2023, 04:48 PM
Previous filing
Mar 16, 2023
Next filing
Apr 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Tax liability -$40K -1.54K -2.51% $25.98 59.8K Apr 3, 2023 Direct F1
holding SASR Common Stock 5.67K Apr 3, 2023 401(k)
holding SASR Common Stock 695 Apr 3, 2023 Direct F2
holding SASR Common Stock 1.54K Apr 3, 2023 Direct F3
holding SASR Common Stock 2.85K Apr 3, 2023 Direct F4
holding SASR Common Stock 7.29K Apr 3, 2023 Direct F5
* 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 vests in equal installments annually for five years beginning on April 25, 2019.
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.
F5 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2024, April 1, 2025, and April 1 2026.