Kenneth C. Cook - Sep 12, 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
Sep 12, 2023
Transactions value $
$65,037
Form type
4
Date filed
9/13/2023, 03:21 PM
Previous filing
Aug 2, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Options Exercise $65K +5.93K +2.25% $10.96 270K Sep 12, 2023 Direct
holding SASR Common Stock 2.72K Sep 12, 2023 Direct
holding SASR Common Stock 1.92K Sep 12, 2023 Direct F1
holding SASR Common Stock 2.25K Sep 12, 2023 Direct F2

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
transaction SASR Stock Options (Right to Buy) Options Exercise $0 -5.93K -100% $0.00* 0 Sep 12, 2023 Common Stock 5.93K $10.96 Direct
holding SASR Stock Options (Right to Buy) 7.84K Sep 12, 2023 Common Stock 7.84K $10.96 Direct
holding SASR Stock Options (Right to Buy) 10.1K Sep 12, 2023 Common Stock 10.1K $16.20 Direct
holding SASR Stock Options (Right to Buy) 7.47K Sep 12, 2023 Common Stock 7.47K $14.77 Direct
holding SASR Stock Options (Right to Buy) 35.8K Sep 12, 2023 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 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.
F2 Restricted stock units granted under the 2015 Omnibus Incentive Plan will vest entirely on May 24, 2024.