secwatch.observer — SEC 8-K summary
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Issuer:     SANDY SPRING BANCORP INC (—)
CIK:        0000824410
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0000824410-24-000027
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824410/000082441024000027/0000824410-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824410/000082441024000027/sasr-20240522.htm
  HTML page:      https://secwatch.observer/filing/0000824410-24-000027

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