Kenneth C. Cook - Feb 1, 2024 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: Feb 1, 2024
Transactions value $: $85,904
Form type: 4
Date filed: 2/5/2024, 09:54 AM
Previous filing: Sep 13, 2023
Next filing: Mar 15, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SASR	Common Stock	Options Exercise	$85.9K	+7.84K	+2.88%	$10.96	280K	Feb 1, 2024	Direct
holding	SASR	Common Stock						0	Feb 1, 2024	Direct
holding	SASR	Common Stock						1.92K	Feb 1, 2024	Direct	F1
holding	SASR	Common Stock						2.25K	Feb 1, 2024	Direct	F2

Showing 1 to 4 of 4 entries

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	-7.84K	-100%	$0.00^*	0	Feb 1, 2024	Common Stock	7.84K	$10.96	Direct
holding	SASR	Stock Options (Right to Buy)						0	Feb 1, 2024	Common Stock	0	$10.96	Direct
holding	SASR	Stock Options (Right to Buy)						10.1K	Feb 1, 2024	Common Stock	10.1K	$16.20	Direct
holding	SASR	Stock Options (Right to Buy)						7.47K	Feb 1, 2024	Common Stock	7.47K	$14.77	Direct
holding	SASR	Stock Options (Right to Buy)						35.8K	Feb 1, 2024	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.