Eleni Willis - Apr 1, 2024 Form 3 Insider Report for Sterling Bancorp, Inc. (SBT)

Role
Chief Risk Officer
Signature
/s/ Eleni Willis by Elizabeth M. Keogh, attorney-in-fact
Stock symbol
SBT
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
3
Date filed
4/4/2024, 02:33 PM
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SBT Common Stock 2.24K Apr 1, 2024 Direct
holding SBT Common Stock 42.6K Apr 1, 2024 Direct F1
holding SBT Common Stock 2.05K Apr 1, 2024 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 awards of shares of restricted stock pursuant to the Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"), which are unvested. The restricted stock will vest as follows: 13,525 shares on May 19, 2024, 1,577 shares on November 15, 2024, 13,525 shares on May 19, 2025 and 13,934 shares on May 19, 2026, subject to continued Service on each such 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.

Remarks:

Exhibit 24, Power of Attorney, is attached.