James P. Blose - Dec 16, 2021 Form 4 Insider Report for STERLING BANCORP (STL)

Role
General Counsel and CLO
Signature
/s/ James P. Blose Esq.
Stock symbol
STL
Transactions as of
Dec 16, 2021
Transactions value $
$493,612
Form type
4
Date filed
12/20/2021, 03:58 PM
Previous filing
Dec 8, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STL Common Stock Award $872K +35.6K +100.84% $24.52 70.9K Dec 16, 2021 Direct F1
transaction STL Common Stock Tax liability -$379K -15.4K -21.8% $24.52 55.4K Dec 16, 2021 Direct F2
holding STL Common Stock 3.92K Dec 16, 2021 By IRA
* 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.