4/A: Sandy Spring Bancorp Director Amends Filing to Correct Shares Received in Merger
SEC Filing
Kenneth C. Cook, a director of Sandy Spring Bancorp, files an amended Form 4 to correct the number of shares received in exchange for canceled stock options following a merger.
Summary
- Kenneth C. Cook, a director at Sandy Spring Bancorp, filed an amended Form 4 with the SEC.
- The amendment corrects the number of shares received in exchange for canceled stock options during a merger.
- The original filing on April 2, 2025, inadvertently reported an incorrect number of shares.
- The corrected filing indicates that 15,294 shares of AUB common stock were received, with a market value of $31.14 per share on March 31, 2025.
- The stock options, with exercise prices of $16.2 and $14.77, were canceled in the merger.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain any particularly positive or negative news, but accuracy in reporting is always viewed favorably.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders and potential investors.
Key Dates
| Date | Description |
|---|---|
| 06/16/2015 | Date of some of the stock options |
| 04/01/2020 | Date of some of the stock options |
| 02/16/2026 | Expiration date of some of the stock options |
| 05/19/2025 | Expiration date of some of the stock options |
| 03/31/2025 | Market value of AUB common stock was $31.14 per share. |
| 04/01/2025 | Date of transaction and cancellation of stock options. |
| 04/02/2025 | Date of original Form 4 filing with incorrect information. |
| 04/03/2025 | Date of amended Form 4/A filing. |
Keywords
Form 4, Amendment, Merger, Stock Options, Shares, Director, Sandy Spring Bancorp, SASR, AUB
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