Javier L. Evans - Dec 16, 2021 Form 4 Insider Report for STERLING BANCORP (STL)

Role
Chief Bus Oper & Svc Officer
Signature
/s/ Javier L. Evans
Stock symbol
STL
Transactions as of
Dec 16, 2021
Transactions value $
$474,119
Form type
4
Date filed
12/20/2021, 04:09 PM
Previous filing
Nov 30, 2021
Next filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STL Common Stock Award $820K +33.4K +124.76% $24.52 60.2K Dec 16, 2021 Direct F1
transaction STL Common Stock Tax liability -$346K -14.1K -23.41% $24.52 46.1K Dec 16, 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 vesting of an accelerated time-based Performance Share Award.