R. Caceres - Mar 13, 2024 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
EVP, Chief Wealth Officer
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Caceres
Stock symbol
SASR
Transactions as of
Mar 13, 2024
Transactions value $
-$32,406
Form type
4
Date filed
3/15/2024, 01:40 PM
Previous filing
Nov 22, 2023
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Award $0 +4.4K +9.54% $0.00 50.5K Mar 13, 2024 Direct F4
transaction SASR Common Stock Tax liability -$32.4K -1.47K -2.9% $22.12 49K Mar 13, 2024 Direct F5
transaction SASR Common Stock Award $0 +6.76K $0.00 6.76K Mar 13, 2024 Direct F6
holding SASR Common Stock 1.03K Mar 13, 2024 Direct F1
holding SASR Common Stock 2.03K Mar 13, 2024 Direct F2
holding SASR Common Stock 5.25K Mar 13, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.
F2 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.
F3 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2024, April 1, 2025, and April 1 2026.
F4 On March 10, 2021, the reporting person was granted shares of restricted stock units subject to certain performance criteria to be achieved January 1, 2021 through December 31, 2023. The result of that award was determined and granted on March 13, 2024.
F5 Shares of vested restricted stock withheld for tax obligations.
F6 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2025, April 1, 2026, and April 1 2027.