SASR.Sandy Spring Bancorp INC

Form 4: Sandy Spring Bancorp EVP, Consumer Banking, Susan Lynne Pulford, Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4

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Susan Lynne Pulford, EVP, Consumer Banking at Sandy Spring Bancorp, reports acquisition and disposal of common stock and restricted stock units.

Summary

  • On March 13, 2024, Susan Lynne Pulford, EVP, Consumer Banking at Sandy Spring Bancorp, reported changes in beneficial ownership of the company's stock.
  • Pulford acquired 5,086 shares of common stock at $0.
  • Pulford disposed of 2,776.1579, 10,430.32, 5,350.86, 143, 1,818, 430, 632, and 1,612 shares of common stock.
  • Following the reported transactions, Pulford beneficially owns 5,086 shares of Sandy Spring Bancorp common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an insider, with no inherent positive or negative implications.

Industry Context

Form 4 filings are a routine part of the US financial market, providing transparency into the transactions of company insiders.

Key Dates

DateDescription
03/13/2024Date of earliest transaction
03/15/2024Date of signature
April 1, 2020Start date for vesting of restricted stock awarded under 2015 Omnibus Incentive Plan in equal installments annually for five years.
April 1, 2021Start date for vesting of restricted stock awarded under 2015 Omnibus Incentive Plan in equal installments annually for five years.
April 1, 2022Start date for vesting of restricted stock awarded under 2015 Omnibus Incentive Plan in equal installments annually for three years.
April 1, 2023First vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2023, April 1, 2024, and April 1 2025.
April 1, 2024Second vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2023, April 1, 2024, and April 1 2025. Also, first vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2024, April 1, 2025, and April 1 2026.
April 1, 2025Third vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2023, April 1, 2024, and April 1 2025. Also, second vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2024, April 1, 2025, and April 1 2026. Also, first vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2025, April 1, 2026, and April 1 2027.
April 1, 2026Third vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2024, April 1, 2025, and April 1 2026. Also, second vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2025, April 1, 2026, and April 1 2027.
April 1, 2027Third vesting date for restricted stock units awarded under 2015 Omnibus Incentive Plan, vesting ratably on April 1, 2025, April 1, 2026, and April 1 2027.

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