Form 4: Sandy Spring Bancorp Executive Sells Shares to Cover Tax Obligations

Susan Lynne Pulford, an EVP at Sandy Spring Bancorp, sold 174 shares of common stock to cover tax obligations related to restricted stock units.

Summary

• Susan Lynne Pulford, an Executive Vice President at Sandy Spring Bancorp, sold 174 shares of common stock on November 8, 2024.
• The sale was executed to cover tax obligations related to restricted stock units.
• The shares were sold at a price of $38.51 per share.
• Following the transaction, Ms. Pulford directly owns 4,912 shares of Sandy Spring Bancorp common stock.
• Ms. Pulford also holds restricted stock units that will vest ratably on April 1, 2025, April 1, 2026, and April 1, 2027.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine Form 4 filing related to an executive's stock transactions, which is common in publicly traded companies. It does not indicate any significant trend or change in the company's performance or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of shares to cover tax obligations is a common practice among executives who receive equity compensation.
• The vesting schedule of the restricted stock units is typical for executive compensation packages.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

Sandy Spring Bancorp, SASR, insider trading, stock sale, executive, restricted stock units, tax obligations, Form 4