Michael E. Finn - Dec 16, 2021 Form 4 Insider Report for STERLING BANCORP (STL)

Role
SEVP/Chief Risk Officer
Signature
/s/ Michael E. Finn
Stock symbol
STL
Transactions as of
Dec 16, 2021
Transactions value $
$804,231
Form type
4
Date filed
12/20/2021, 04:18 PM
Previous filing
Oct 5, 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 $1.59M +64.6K +74.89% $24.52 151K Dec 16, 2021 Direct F1
transaction STL Common Stock Tax liability -$781K -31.8K -21.1% $24.52 119K 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.