R. CACERES - 16 Dec 2022 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
Issuer symbol
SASR
Transactions as of
16 Dec 2022
Net transactions value
-$3,745
Form type
4
Filing time
20 Dec 2022, 13:03:40 UTC
Previous filing
25 Apr 2022
Next filing
16 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASR Common Stock Tax liability $3,745 -108 -3.4% $34.68 3,043 16 Dec 2022 Direct F1, F2
holding SASR Common Stock 39,590 16 Dec 2022 Direct
holding SASR Common Stock 570 16 Dec 2022 Direct F3
holding SASR Common Stock 1,485 16 Dec 2022 Direct F4
holding SASR Common Stock 2,066 16 Dec 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs withheld for the payment of tax obligations.
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 awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years on the anniversary of the grant.
F4 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2021, April 1, 2022, and April 1 2023.
F5 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.