Thomas M. OBrien - Jun 22, 2023 Form 4 Insider Report for Sterling Bancorp, Inc. (SBT)

Role: CHIEF EXECUTIVE OFFICER
Signature: /s/ Thomas M. O'Brien by Elizabeth M. Keogh, attorney-in-fact
Stock symbol: SBT
Transactions as of: Jun 22, 2023
Transactions value $: $2,000,003
Form type: 4
Date filed: 6/23/2023, 12:22 PM
Previous filing: Apr 25, 2023
Next filing: Jan 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBT	Common Stock	Award	$2M	+367K	+122.32%	$5.45	667K	Jun 22, 2023	Direct	F1
holding	SBT	Common Stock						4.79K	Jun 22, 2023	401(k) Plan	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an award of restricted stock pursuant to the Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock will vest as follows: 121,101 shares on January 2, 2024, 121,101 shares on July 2, 2024, and 124,771 shares on January 2, 2025, subject to continued Service on each date, or, if earlier, upon death or Disability or a Change of Control, all as specified in the Plan.
F2	The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "401(k) Plan"), consisting primarily of the issuer's Common Stock and the remainder in cash or cash equivalents. The number of shares in this row is an estimate of the number of shares of the issuer's Common Stock held in the unitized stock fund and attributed to the reporting person as a 401(k) Plan participant.

Content

Represents an award of restricted stock pursuant to the Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock will vest as follows: 121,101 shares on January 2, 2024, 121,101 shares on July 2, 2024, and 124,771 shares on January 2, 2025, subject to continued Service on each date, or, if earlier, upon death or Disability or a Change of Control, all as specified in the Plan.

The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "401(k) Plan"), consisting primarily of the issuer's Common Stock and the remainder in cash or cash equivalents. The number of shares in this row is an estimate of the number of shares of the issuer's Common Stock held in the unitized stock fund and attributed to the reporting person as a 401(k) Plan participant.