Rodney Whitwell - Dec 16, 2021 Form 4 Insider Report for STERLING BANCORP (STL)

Role
SEVP/CAO
Signature
/s/ Rodney Whitwell
Stock symbol
STL
Transactions as of
Dec 16, 2021
Transactions value $
$800,112
Form type
4
Date filed
12/20/2021, 04:20 PM
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 +64.7K +89.75% $24.52 137K Dec 16, 2021 Direct F1
transaction STL Common Stock Tax liability -$787K -32.1K -23.45% $24.52 105K 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 the accelerated vesting of a time-based Performance Share Award.