Eleni Willis - May 17, 2024 Form 4 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: May 17, 2024
Transactions value $: $54,887
Form type: 4
Date filed: 5/21/2024, 08:56 PM
Previous filing: Apr 4, 2024
Next filing: Jun 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBT	Common Stock	Award	$75K	+14.2K	+31.59%	$5.30	58.9K	May 17, 2024	Direct	F1
transaction	SBT	Common Stock	Tax liability	-$20.1K	-3.8K	-6.44%	$5.30	55.2K	May 19, 2024	Direct	F2
holding	SBT	Common Stock						2.05K	May 17, 2024	401(k) Plan

* 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: 4,669 shares on May 17, 2025, 4,669 shares on May 17, 2026, and 4,813 shares on May 17, 2027, 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	Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.

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: 4,669 shares on May 17, 2025, 4,669 shares on May 17, 2026, and 4,813 shares on May 17, 2027, 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.

Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.