DANIEL J. SCHRIDER - 03 Apr 2023 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
President & CEO
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Schrider
Issuer symbol
SASR
Transactions as of
03 Apr 2023
Transactions value $
-$139,019
Form type
4
Filing time
04 Apr 2023, 16:42:08 UTC
Previous filing
23 Mar 2023
Next filing
25 Apr 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 -$139,018 -5,351 -4.5% $25.98 114,867 03 Apr 2023 Direct F1
holding SASR Common Stock 6,893 03 Apr 2023 401(k) Plan
holding SASR Common Stock 1,565 03 Apr 2023 Direct F2
holding SASR Common Stock 3,043 03 Apr 2023 Direct F3
holding SASR Common Stock 6,243 03 Apr 2023 Direct F4
holding SASR Common Stock 14,313 03 Apr 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of vested restricted stock withheld for tax obligations.
F2 Restricted stock awarded under 2015 Omnibus Incentive Plan vests in equal installments annually for five years beginning on April 25, 2019.
F3 Restricted stock awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2022, April 1, 2023, and April 1 2024.
F4 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.
F5 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2024, April 1, 2025, and April 1 2026.