DANIEL J. SCHRIDER - 15 Feb 2022 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Schrider
Issuer symbol
SASR
Transactions as of
15 Feb 2022
Transactions value $
-$188,550
Form type
4
Filing time
16 Feb 2022, 16:52:20 UTC
Next filing
17 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Award +12,002 +14% 96,776 15 Feb 2022 Direct F1
transaction SASR Common Stock Tax liability -$188,549 -4,008 -4.1% $47.04 92,768 15 Feb 2022 Direct F2
holding SASR Common Stock 6,486 15 Feb 2022 401(k) Plan
holding SASR Common Stock 56 15 Feb 2022 Owned by son
holding SASR Common Stock 1,211 15 Feb 2022 Direct F3
holding SASR Common Stock 3,129 15 Feb 2022 Direct F4
holding SASR Common Stock 8,523 15 Feb 2022 Direct
holding SASR Common Stock 2,418 15 Feb 2022 Direct F5
holding SASR Common Stock 9,129 15 Feb 2022 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 6, 2019, the reporting person was granted shares of restricted stock that vested based on certain performance criteria for the period from January 1, 2019 through December 31, 2021. Satisfaction of the performance criteria resulted in the reported shares being earned.
F2 Shares of Restricted Stock vested on this date are net of shares withheld for tax purposes.
F3 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years beginning April 1, 2018.
F4 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years beginning on April 25, 2019.
F5 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for three years beginning April 1, 2020.
F6 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.