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

Role
EVP, Chief Financial Officer
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Mantua
Issuer symbol
SASR
Transactions as of
03 Apr 2023
Net transactions value
-$32,397
Form type
4
Filing time
04 Apr 2023, 16:52:42 UTC
Previous filing
16 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 $32,397 -1,247 -2.3% $25.98 53,483 03 Apr 2023 Direct F1
holding SASR Common Stock 12,246 03 Apr 2023 401(k) Plan
holding SASR Common Stock 73 03 Apr 2023 Direct
holding SASR Common Stock 581 03 Apr 2023 Direct F2
holding SASR Common Stock 1,132 03 Apr 2023 Direct F3
holding SASR Common Stock 2,029 03 Apr 2023 Direct F4
holding SASR Common Stock 5,376 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 restricted stock vested on this date were withheld to satisfy 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.