GEISEL THOMAS X - 16 Dec 2021 Form 4 Insider Report for STERLING BANCORP (STL)

Role
President, Corporate Banking
Signature
/s/ Thomas X. Geisel
Issuer symbol
STL
Transactions as of
16 Dec 2021
Transactions value $
$803,864
Form type
4
Filing time
20 Dec 2021, 15:47:36 UTC
Next filing
02 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STL Common Stock Award $1.64M +66.9K +267.92% $24.52 91.8K 16 Dec 2021 Direct F1
transaction STL Common Stock Tax liability -$835K -34.1K -37.11% $24.52 57.7K 16 Dec 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of a time-based Performance Share Award, which has been accelerated in line with the abbreviated performance period to end on September 30, 2021, as disclosed in Sterling Bancorp's Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 17, 2021.
F2 Represents payment of tax liability due to the accelerated vesting of a time-based Performance Share Award.