Luis Massiani - 16 Dec 2021 Form 4 Insider Report for STERLING BANCORP

Role
SEVP/COO
Signature
/s/ Luis Massiani
Issuer symbol
N/A
Transactions as of
16 Dec 2021
Net transactions value
+$831,890
Form type
4
Filing time
20 Dec 2021, 16:33:57 UTC
Previous filing
24 Nov 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 Award $2,456,119 +100,168 +62% $24.52 261,569 16 Dec 2021 Direct F1
transaction STL Common Stock Tax liability $1,624,229 -66,241 -25% $24.52 195,328 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 vesting of an accelerated time-based Performance Share Award.