Sandy Spring Bancorp appoints Charles Cullum as CFO, succeeding retiring Philip Mantua

SANDY SPRING BANCORP INC

Charles S. Cullum appointed CFO effective May 22, 2024; promoted from Deputy CFO and Treasurer.
Outgoing CFO Philip J. Mantua will remain through year-end to support the leadership transition.
Cullum's base salary increased to $466,000; target Annual Incentive Plan award set at 55% of base.
Board granted $100,000 in performance-based restricted stock units vesting over 2024-2026.
Cullum entered a Split Dollar Life Insurance Agreement and became a participant in the Executive Severance Plan.

item 5.02 item 9.01

Executive movements

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Role change

Charles S. Cullum

Chief Financial Officer

SANDY SPRING BANCORP INC

Effective: 2024-05-22
Filed: May 23, 2024, 7:59 PM ET

On May 22, 2024, the Board of Directors of Sandy Spring Bancorp, Inc. (the “Company”) appointed Charles S. Cullum, the Company’s current Deputy Chief Financial Officer and Treasurer, as Chief Financial Officer.

Departed

Philip J. Mantua

Chief Financial Officer

SANDY SPRING BANCORP INC

Successor: Charles S. Cullum
Filed: May 23, 2024, 7:59 PM ET

Philip J. Mantua, the Company’s current Chief Financial Officer, who previously announced his retirement, will continue with the Company until the end of the year to support this leadership transition.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles S. Cullum was appointed as Chief Financial Officer at SANDY SPRING BANCORP INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On May 22, 2024, the Board of Directors of Sandy Spring Bancorp, Inc. (the “Company”) appointed Charles S. Cullum, the Company’s current Deputy Chief Financial Officer and Treasurer, as Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Philip J. Mantua retired as Chief Financial Officer at SANDY SPRING BANCORP INC.

Action: retired
Role: Chief Financial Officer

Exact text from the filing

Philip J. Mantua, the Company’s current Chief Financial Officer, who previously announced his retirement, will continue with the Company until the end of the year to support this leadership transition.

View on SEC.gov

Source: SEC EDGAR

accession 0000824410-24-000027

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