Kenneth C. Cook - 02 Aug 2023 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
Director
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Cook
Issuer symbol
SASR
Transactions as of
02 Aug 2023
Transactions value $
$108,866
Form type
4
Filing time
02 Aug 2023, 14:51:21 UTC
Previous filing
25 May 2023
Next filing
13 Sep 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 Options Exercise $109K +9.93K +3.91% $10.96 264K 02 Aug 2023 Direct
holding SASR Common Stock 2.72K 02 Aug 2023 Direct
holding SASR Common Stock 1.92K 02 Aug 2023 Direct F1
holding SASR Common Stock 2.25K 02 Aug 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SASR Stock Options (Right to Buy) Options Exercise $0 -9.93K -62.6% $0.00 5.93K 02 Aug 2023 Common Stock 9.93K $10.96 Direct
holding SASR Stock Options (Right to Buy) 7.84K 02 Aug 2023 Common Stock 7.84K $10.96 Direct
holding SASR Stock Options (Right to Buy) 10.1K 02 Aug 2023 Common Stock 10.1K $16.20 Direct
holding SASR Stock Options (Right to Buy) 7.47K 02 Aug 2023 Common Stock 7.47K $14.77 Direct
holding SASR Stock Options (Right to Buy) 35.8K 02 Aug 2023 Common Stock 35.8K $14.77 Direct
* 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, 2023, April 1, 2024, and April 1 2025.
F2 Restricted stock units granted under the 2015 Omnibus Incentive Plan will vest entirely on May 24, 2024.