Gary John Fernandes - 12 Mar 2025 Form 4 Insider Report for SANDY SPRING BANCORP INC (SASR)

Role
EVP, Chief Human Resources Off
Signature
/s/ Janet VA Replogle, attorney-in-fact for Mr. Fernandes
Issuer symbol
SASR
Transactions as of
12 Mar 2025
Transactions value $
$-10,550
Form type
4
Filing time
14 Mar 2025, 10:38:22 UTC
Previous filing
30 Dec 2024
Next filing
03 Apr 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 +955 +13.2% $0.000000 8,167 12 Mar 2025 Direct F1
transaction SASR Common Stock Tax liability $-10,550 -369 -4.52% $28.59 7,798 12 Mar 2025 Direct F2
holding SASR Common Stock 488 12 Mar 2025 Direct F3
holding SASR Common Stock 203 12 Mar 2025 Direct F4
holding SASR Common Stock 1,718 12 Mar 2025 Direct F5
holding SASR Common Stock 2,214 12 Mar 2025 Direct F6
holding SASR Common Stock 3,205 12 Mar 2025 Direct F7
holding SASR Common Stock 1,955 12 Mar 2025 Direct F8
holding SASR Common Stock 1,890 12 Mar 2025 Direct F9
holding SASR Common Stock 1,432 12 Mar 2025 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 16, 2022, the reporting person was granted shares of restricted stock units subject to certain performance criteria to be achieved January 1, 2022 through December 31, 2024. The result of that award was determined and granted on March 12, 2025.
F2 Shares of vested restricted stock were withheld for tax obligations.
F3 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2023, April 1, 2024, and April 1 2025.
F4 Shares held in the Sandy Spring Bank 401(k) Plan
F5 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2024, April 1, 2025, and April 1 2026.
F6 Restricted stock granted on December 26, 2024 under the 2024 Equity Plan will vest on December 31, 2026.
F7 Restricted stock units awarded under 2015 Omnibus Incentive Plan will vest ratably on April 1, 2025, April 1, 2026, and April 1 2027.
F8 Shares purchased through the Employee Stock Purchase Plan.
F9 Restricted stock granted on December 26, 2024 under the 2024 Equity Plan will vest on December 31, 2025.
F10 Restricted stock granted on December 26, 2024 under the 2024 Equity Plan will vest ratably on April 1, 2026, April 1, 2027, and April 1, 2028.