Joseph J. O'Brien Jr - 15 Mar 2023 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
Executive Vice President
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. O'Brien
Issuer symbol
SASR
Transactions as of
15 Mar 2023
Net transactions value
-$67,344
Form type
4
Filing time
16 Mar 2023, 13:15:52 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 Award $0 +7,293 $0.000000 7,293 15 Mar 2023 Direct F1
transaction SASR Common Stock Award $0 +8,123 $0.000000 8,123 15 Mar 2023 Direct F2
transaction SASR Common Stock Tax liability $67,344 -2,448 -30% $27.51 5,675 15 Mar 2023 Direct
holding SASR Common Stock 5,675 15 Mar 2023 401(k)
holding SASR Common Stock 56,191 15 Mar 2023 Direct
holding SASR Common Stock 695 15 Mar 2023 Direct F3
holding SASR Common Stock 2,155 15 Mar 2023 Direct F4
holding SASR Common Stock 3,074 15 Mar 2023 Direct F5
holding SASR Common Stock 4,276 15 Mar 2023 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, 2024, April 1, 2025, and April 1 2026.
F2 On March 11, 2020, the reporting person was granted restricted stock units that vested based on certain performance criteria for the period from January 1, 2020 through December 31, 2022. Satisfaction of the performance criteria resulted in the reported shares being earned.
F3 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years beginning on April 25, 2019.
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.
F6 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.