Luis Massiani - Dec 16, 2021 Form 4 Insider Report for STERLING BANCORP (STL)

Role
SEVP/COO
Signature
/s/ Luis Massiani
Stock symbol
STL
Transactions as of
Dec 16, 2021
Transactions value $
$831,890
Form type
4
Date filed
12/20/2021, 04:33 PM
Previous filing
Nov 24, 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 Award $2.46M +100K +62.06% $24.52 262K Dec 16, 2021 Direct F1
transaction STL Common Stock Tax liability -$1.62M -66.2K -25.32% $24.52 195K 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 vesting of an accelerated time-based Performance Share Award.