Kenneth C. Cook - 01 Apr 2025 Form 4 Insider Report for SANDY SPRING BANCORP INC

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
02 Apr 2025, 15:58:30 UTC
Prior SEC filing
14 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Cook

Key filing fact

Kenneth C. Cook filed Form 4 for SANDY SPRING BANCORP INC on 02 Apr 2025.

Key facts

  • This page summarizes Kenneth C. Cook's Form 4 filing for SANDY SPRING BANCORP INC.
  • 6 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 02 Apr 2025, 15:58.

Change

  • Previous filing in this sequence was filed on 14 Mar 2025.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing
This filing has been restated. Open the amended filing.

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SASR transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-958
Change %
-100%
Price
Shares after
0
Date
01 Apr 2025
Ownership
Direct
Footnotes
F1
SASR transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-2,078
Change %
-100%
Price
Shares after
0
Date
01 Apr 2025
Ownership
Direct
Footnotes
F1
SASR transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-289,537
Change %
-100%
Price
Shares after
0
Date
01 Apr 2025
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SASR transaction Derivative

Stock Options (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-10,072
Change %
-100%
Price
Shares after
0
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,072
Exercise price
$16.20
Footnotes
F2
SASR transaction Derivative

Stock Options (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-7,466
Change %
-100%
Price
Shares after
0
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,466
Exercise price
$14.77
Footnotes
F2
SASR transaction Derivative

Stock Options (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-35,784
Change %
-100%
Price
Shares after
0
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
35,784
Exercise price
$14.77
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Kenneth C. Cook is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Disposed of pursuant to the Agreement and Plan of Merger, dated as of October 21, 2024, by and between Sandy Spring Bancorp, Inc. ("Sandy Spring") and Atlantic Union Bankshares Corporation ("AUB") (the "Merger Agreement"), including in respect of shares underlying, as applicable, SASR RSU Awards as defined in the Merger Agreement. Sandy Spring merged with and into AUB, with AUB continuing as the surviving entity. At the Effective Time of the Merger (as defined in the Merger Agreement), each share of Sandy Spring common stock issued and outstanding immediately prior to such time, and each share of Sandy Spring common stock underlying the reporting person's SASR RSU Awards, was converted into the right to receive 0.900 shares of AUB common stock, and, if applicable, cash in lieu of fractional shares. On March 31, 2025, the closing price of Sandy Spring's common stock was $27.95 per share and the closing price of AUB's common stock was $31.14 per share.

Footnote F2

These stock options were canceled in the merger in exchange for total of 18,983 shares of AUB common stock with a market value of $31.14 per share on March 31, 2025.

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