Luis Massiani - May 20, 2021 Form 4 Insider Report for STERLING BANCORP (STL)

Role
SEVP/COO
Signature
/s/ Luis Massiani
Stock symbol
STL
Transactions as of
May 20, 2021
Transactions value $
-$47,954
Form type
4
Date filed
5/24/2021, 08:38 PM
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STL Common Stock Options Exercise $232K +25K +13.34% $9.28 212K May 20, 2021 Direct
transaction STL Common Stock Options Exercise $240K +21.2K +9.97% $11.36 234K May 20, 2021 Direct
transaction STL Common Stock Tax liability -$235K -9.16K -3.92% $25.67 224K May 20, 2021 Direct F1, F2
transaction STL Common Stock Tax liability -$285K -11.1K -4.96% $25.67 213K May 20, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STL Employee Stock Option (right to buy) Options Exercise $0 -25K -100% $0.00* 0 May 20, 2021 Common Stock 25K $9.28 Direct F3
transaction STL Employee Stock Option (right to buy) Options Exercise $0 -21.2K -100% $0.00* 0 May 20, 2021 Common Stock 21.2K $11.36 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents payment of tax liability due to vesting of time-based Restricted Stock Award.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.66 to $25.69, inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote 2 to this Form 4.
F3 The option, representing a right to purchase a total of 25,000 shares, became exercisable in three equal annual installments beginning on 12/05/2013, which was the first anniversary of the date on which the option was granted.
F4 The option, representing a right to purchase a total of 21,169 shares, became exercisable in three equal annual installments beginning on 10/24/2014, which was the first anniversary of the date on which the option was granted.