Philip J. Mantua - 13 Mar 2024 Form 4 Insider Report for SANDY SPRING BANCORP INC

Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Mantua
Issuer symbol
N/A
Transactions as of
13 Mar 2024
Net transactions value
-$35,503
Form type
4
Filing time
15 Mar 2024, 14:02:52 UTC
Previous filing
22 Nov 2023
Next filing
02 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Award $0 +6,686 $0.000000 6,686 13 Mar 2024 Direct F1
transaction SASR Common Stock Award $0 +4,819 +8.8% $0.000000 59,357 13 Mar 2024 Direct F2
transaction SASR Common Stock Tax liability $35,503 -1,605 -2.7% $22.12 57,752 13 Mar 2024 Direct F3
holding SASR Common Stock 12,933 13 Mar 2024 401(k) Plan
holding SASR Common Stock 253 13 Mar 2024 Direct
holding SASR Common Stock 1,132 13 Mar 2024 Direct F4
holding SASR Common Stock 2,029 13 Mar 2024 Direct F5
holding SASR Common Stock 5,193 13 Mar 2024 Direct F6
* 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, 2025, April 1, 2026, and April 1 2027.
F2 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.
F3 Shares of restricted stock vested on this date were withheld to satisfy tax obligations.
F4 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.
F5 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.
F6 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2024, April 1, 2025, and April 1 2026.