Rodney Whitwell - 16 Dec 2021 Form 4 Insider Report for STERLING BANCORP

Role
SEVP/CAO
Signature
/s/ Rodney Whitwell
Issuer symbol
N/A
Transactions as of
16 Dec 2021
Net transactions value
+$800,112
Form type
4
Filing time
20 Dec 2021, 16:20:52 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 $1,586,738 +64,712 +90% $24.52 136,817 16 Dec 2021 Direct F1
transaction STL Common Stock Tax liability $786,626 -32,081 -23% $24.52 104,736 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.