Colleen Kimmel - Jun 6, 2023 Form 4 Insider Report for Sterling Bancorp, Inc. (SBT)

Role
FORMER OFFICER
Signature
/s/ Colleen Kimmel by Karen Knott, attorney-in-fact
Stock symbol
SBT
Transactions as of
Jun 6, 2023
Transactions value $
$1,817
Form type
4
Date filed
8/4/2023, 04:18 PM
Previous filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBT Common Stock Disposed to Issuer $0 -16.7K -42.07% $0.00 23K Jun 16, 2023 Direct F1
transaction SBT Common Stock Other $1.82K +308 +1.34% $5.90 23.3K Aug 2, 2023 Direct F2
holding SBT Common Stock 4.79K Jun 6, 2023 401(k) Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the forfeiture of unvested restricted stock awards in connection with the Reporting Person's resignation from all positions at Sterling Bancorp, Inc. and Sterling Bank and Trust, F.S.B., effective June 16, 2023, pursuant to the Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan.
F2 Due to a calculation error, the Company became aware that it withheld too many shares for the Reporting Person in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the Reporting Person. The shares reported here were issued to the Reporting Person to correct this error.
F3 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.