Gary John Fernandes - Apr 3, 2023 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
EVP, Chief Human Resources Off
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Fernandes
Stock symbol
SASR
Transactions as of
Apr 3, 2023
Transactions value $
-$17,666
Form type
4
Date filed
4/4/2023, 05:01 PM
Previous filing
Apr 4, 2023
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Tax liability -$17.7K -680 -15.08% $25.98 3.83K Apr 3, 2023 Direct F1
holding SASR Common Stock 1.63K Apr 3, 2023 Direct F2
holding SASR Common Stock 143 Apr 3, 2023 Direct F3
holding SASR Common Stock 1.82K Apr 3, 2023 Direct F4
holding SASR Common Stock 426 Apr 3, 2023 Direct F5
holding SASR Common Stock 975 Apr 3, 2023 Direct F6
holding SASR Common Stock 2.58K Apr 3, 2023 Direct F7

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) 368 Apr 3, 2023 Common Stock 368 $42.48 Direct
holding SASR Stock Options (Right to Buy) 443 Apr 3, 2023 Common Stock 443 $38.15 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 Shares purchased through the Employee Stock Purchase Plan.
F3 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years beginning on April 1, 2020.
F4 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years beginning on April 1, 2021.
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.
F7 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2024, April 1, 2025, and April 1 2026.