Form 4: Sandy Spring Bancorp Executive Reports Stock Transactions
SEC Form 4 Filing
Aaron Michael Kaslow, EVP, Gen'l Counsel & Secretary of Sandy Spring Bancorp, reports the withholding of shares for tax obligations and vesting of restricted stock units.
Summary
- On April 1, 2024, Aaron Michael Kaslow, EVP, Gen'l Counsel & Secretary of Sandy Spring Bancorp, had shares of restricted stock withheld for tax obligations.
- A total of 964 shares were withheld at a price of $23.18 per share.
- Following the transaction, Mr. Kaslow beneficially owns 20,891.7429 shares of common stock directly.
- Mr. Kaslow also holds restricted stock units that will vest on April 1 of 2025, 2026 and 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 04/01/2023 | Vesting date for a portion of restricted stock units awarded under the 2015 Omnibus Incentive Plan. |
| 04/01/2024 | Date of transaction: Shares of Restricted Stock vested and were withheld for tax obligations; Vesting date for a portion of restricted stock units awarded under the 2015 Omnibus Incentive Plan. |
| 04/01/2025 | Vesting date for a portion of restricted stock units awarded under the 2015 Omnibus Incentive Plan. |
| 04/01/2026 | Vesting date for a portion of restricted stock units awarded under the 2015 Omnibus Incentive Plan. |
| 04/01/2027 | Vesting date for a portion of restricted stock units awarded under the 2015 Omnibus Incentive Plan. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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