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

Role
President & CEO, Director
Signature
/s/ Jack L. Kopnisky
Stock symbol
STL
Transactions as of
Dec 16, 2021
Transactions value $
$2,361,178
Form type
4
Date filed
12/20/2021, 04:25 PM
Previous filing
Oct 28, 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, $.01 par value per share Award $5.54M +226K +43.58% $24.52 744K Dec 16, 2021 Direct F1
transaction STL Common Stock, $.01 par value per share Tax liability -$3.18M -130K -17.42% $24.52 615K Dec 16, 2021 Direct F2
holding STL Common Stock 10K Dec 16, 2021 Spouse
holding STL Common Stock 4.46K Dec 16, 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.