R. CACERES - 26 Dec 2024 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
26 Dec 2024
Net transactions value
-$200,875
Form type
4
Filing time
30 Dec 2024, 13:42:02 UTC
Previous filing
13 Nov 2024
Next filing
14 Mar 2025
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 +4,465 $0.000000 4,465 26 Dec 2024 Direct F1
transaction SASR Common Stock Award $0 +7,000 $0.000000 7,000 26 Dec 2024 Direct F2
transaction SASR Common Stock Award $0 +5,977 $0.000000 5,977 26 Dec 2024 Direct F3
transaction SASR Common Stock Tax liability $51,420 -1,487 -33% $34.58 2,978 26 Dec 2024 Direct F4
transaction SASR Common Stock Tax liability $80,606 -2,331 -33% $34.58 4,669 26 Dec 2024 Direct F4
transaction SASR Common Stock Tax liability $68,849 -1,991 -33% $34.58 3,986 26 Dec 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 26, 2024, a grant of restricted stock was awarded under 2024 Equity Plan. The award will vest ratably on April 1, 2026, April 1, 2027, and April 1, 2028.
F2 On December 26, 2024, shares of restricted stock were awarded under the 2024 Equity Plan. These shares will vest in their entirety on December 31, 2026.
F3 On December 26, 2024, shares of restricted stock were awarded under the 2024 Equity Plan. These shares will vest in their entirety on December 31, 2025.
F4 Shares of restricted stock were withheld for tax obligations under an 83b election filed by the reporting insider.