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Sandy Spring Bancorp Executive Compensation (FY23)

SASR · Executive and director compensation, fiscal 2022 to 2023
Chief executive, fiscal 2023
◇
Daniel Schrider
Latest say-on-pay support
=
May 22, 2024
Chief executive pay ratio
◇
To the median employee
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Data as of October 14, 2026Latest filing (8-K): May 23, 2024
7 filings cited on this page
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267 figures on this page: 261 cited to the filing that reported them, 6 calculated from figures it prints. See the citations

More on Sandy Spring Bancorp

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Daniel Schrider: $2,498,857 → $2,090,265 (16.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Sandy Spring Bancorp's chief executive and what were they paid?
Daniel Schrider was paid $2,090,265 in total compensation as Chairman, President and Chief Executive Officer for fiscal 2023. Schrider's total moved 16.4% lower from the $2,498,857 reported for fiscal 2022.
What was Sandy Spring Bancorp's say-on-pay result?
The say-on-pay proposal drew 96.1% of votes cast for or against in favor at the meeting held May 22, 2024 for fiscal 2023.
Which companies are in Sandy Spring Bancorp's peer group?
The disclosed peer group names Atlantic Union Bankshares Corp., Berkshire Hills Bancorp, Inc., Brookline Bancorp, Inc., Community Bank System, Inc. and ConnectOne Bancorp, Inc., among others.
What is Sandy Spring Bancorp's chief executive pay ratio?
For fiscal 2023, the company reported a chief executive pay ratio of 25:1, against median employee compensation of $85,000.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Schrider
Chairman, President and Chief Executive Officer
◇—◇—◇—◇◇
Joseph O'Brien
EVP, Chief Banking Officer
◇—◇—◇—◇◇
R. Louis Caceres
EVP, Chief Wealth Officer
◇—◇—◇—◇◇
Philip Mantua
EVP, Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Schrider
Chairman, President and Chief Executive Officer
◇—◇—◇—◇◇
Joseph O'Brien
EVP, Chief Banking Officer
◇—◇—◇—◇◇
R. Louis Caceres
EVP, Chief Wealth Officer
◇—◇—◇—◇◇
Philip Mantua
EVP, Chief Financial Officer
◇—◇—◇◇◇◇
Aaron Kaslow
EVP, General Counsel and Chief Administrative Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Aaron M. KaslowRSU◇——◇——◇
Aaron M. KaslowPSU◇◇◇—◇—◇
Daniel J. SchriderRSU◇——◇——◇
Daniel J. SchriderPSU◇◇◇—◇—◇
Joseph J. O'Brien Jr.RSU◇——◇——◇
Joseph J. O'Brien Jr.PSU◇—◇—◇—◇
Joseph J. O'Brien Jr.PSU——◇—◇——
Joseph J. O’Brien Jr.PSU◇◇◇—◇—◇
Joseph J. O’Brien Jr.RSU◇——◇——◇
Philip J. MantuaRSU◇——◇——◇
Philip J. MantuaPSU◇◇◇—◇—◇
R. Louis CaceresPSU◇◇◇—◇—◇
R. Louis CaceresRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Aaron KaslowRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
R. Louis CaceresRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Philip MantuaRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Joseph O'BrienRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Daniel SchriderRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Aaron Kaslow
EVP, General Counsel and Chief Administrative Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Joseph O'Brien
EVP, Chief Banking Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Philip Mantua
EVP, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
R. Louis Caceres
EVP, Chief Wealth Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance cash amount◇
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert L. Orndorff
◇◇———◇◇
Pamela A. Little
◇◇———◇◇
Mark E. Friis
◇◇———◇◇
Ralph F. Boyd
◇◇———◇◇
Craig A. Ruppert
◇◇———◇◇
Mark C. Micklem
◇◇———◇◇
Brian J. Lemek
◇◇———◇◇
Mona Abutaleb Stephenson
◇◇———◇◇
Kenneth C. Cook
◇◇———◇◇
Mark C. Michael
◇◇———◇◇
Walter C. Martz II
◇◇———◇◇
Christina B. O'Meara
◇◇———◇◇
Daniel J. Schrider served on the board in fiscal 2023 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
  • Atlantic Union Bankshares Corp. AUB
  • Berkshire Hills Bancorp, Inc. BHLB
  • Brookline Bancorp, Inc. BRKL
  • Community Bank System, Inc. CBU
  • ConnectOne Bancorp, Inc. CNOB
  • Dime Community Bancshares, Inc. DCOM
  • Eagle Bancorp, Inc. EGBN
  • First Commonwealth Financial Corp. FCF
  • First Financial Bancorp FFBC
  • Flushing Financial Corporation FFIC
  • Fulton Financial Corporation FULT
  • Independent Bank Corp. INDB
  • NBT Bancorp, Inc. NBTB
  • OceanFirst Financial Corp. OCFC
  • Park National Corporation PRK
  • S&T Bancorp, Inc. STBA
  • TowneBank TOWN
  • United Bankshares, Inc. UBSI
  • Wesbanco, Inc. WSBC
  • WSFS Financial Corporation WSFS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023May 22, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2020April 28, 2021=◇◇◇
2018April 24, 2019=◇◇◇
2017April 25, 2018=◇◇◇
2015May 4, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Daniel Schrider (Chairman, President and Chief Executive Officer), FY2023 total compensation $2,090,265 (base salary $875,000) [exec_comp, SEC accession 0001193125-24-091479, filed 2024-04-10]

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What this page does not include

Everything above is a fact Sandy Spring Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Sandy Spring Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
267 figures on this page: 261 cited to the filing that reported them, 6 calculated from figures it prints.
261 cited to the filing
6 calculated from the filing

Documents cited

  1. 0000824410-24-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-24-091479
    CEO PAY RATIO · Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Employment Agreement · and 4 more sections
  3. 0000824410-23-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000824410-21-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001144204-19-021157
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001144204-18-022625
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001144204-16-099333
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Sandy Spring Bancorp executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/SASR (accessed 2026).
Short form: data: Velarion

The paid brief for Sandy Spring Bancorp

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Sandy Spring Bancorp discloses

The companies named in SASR's own disclosed peer group.

Atlantic Union Bankshares Corp.Berkshire Hills Bancorp, Inc.Brookline Bancorp, Inc.Community Bank System, Inc.ConnectOne Bancorp, Inc.Dime Community Bancshares, Inc.Eagle Bancorp, Inc.First Commonwealth Financial Corp.First Financial BancorpFlushing Financial CorporationFulton Financial CorporationIndependent Bank Corp.NBT Bancorp, Inc.OceanFirst Financial Corp.Park National CorporationS&T Bancorp, Inc.TowneBankUnited Bankshares, Inc.Wesbanco, Inc.WSFS Financial Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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