Jack L. Kopnisky - 16 Dec 2021 Form 4 Insider Report for STERLING BANCORP

Role
President & CEO, Director
Signature
/s/ Jack L. Kopnisky
Issuer symbol
N/A
Transactions as of
16 Dec 2021
Net transactions value
+$2,361,178
Form type
4
Filing time
20 Dec 2021, 16:25:19 UTC
Previous filing
28 Oct 2021
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, $.01 par value per share Award $5,540,024 +225,939 +44% $24.52 744,327 16 Dec 2021 Direct F1
transaction STL Common Stock, $.01 par value per share Tax liability $3,178,846 -129,643 -17% $24.52 614,684 16 Dec 2021 Direct F2
holding STL Common Stock 10,000 16 Dec 2021 Spouse
holding STL Common Stock 4,461 16 Dec 2021 Joint with Spouse
* 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.