Key facts
- This page summarizes Navy E. Djonovic's Form 4 filing for STERLING BANCORP.
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 02 Feb 2022, 20:38.
Navy E. Djonovic - 31 Jan 2022 Form 4 Insider Report for STERLING BANCORP
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 31 Jan 2022
- Net transaction value
- $0
- Reporting owner signature
- /s/ Navy E. Djonovic
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Navy E. Djonovic filed Form 4 for STERLING BANCORP on 02 Feb 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
STL
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -26,215
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 31 Jan 2022
- Ownership
- Direct
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Navy E. Djonovic is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Includes 3,433 restricted stock awards of the Issuer (the "Issuer RSAs").
Footnote F2
Disposed of pursuant to the Merger Agreement between Issuer and Webster Financial Corporation ("Webster"), dated April 18, 2021 (the "Merger Agreement"), for total stock consideration of 12,137 shares of new Webster common stock. Pursuant to the terms of the Merger Agreement, at the effective time of the merger between Issuer and Webster (the "Effective Time"), each share of Issuer common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.4630 shares of Webster common stock. All fractional share holdings were paid in cash. The Merger closed on January 31, 2022. On January 31, 2022, the closing price of the Issuer was $26.29, and the closing price of Webster was $56.81.
Footnote F3
Pursuant to the terms of the Merger Agreement, at the Effective Time, the Issuer RSAs vested and were cancelled and converted into the number of shares of Webster common stock equal to the product of (A) the number of shares of Issuer common stock subject to such Issuer RSAs immediately prior to the Effective Time, multiplied by (B) the Exchange Ratio, with any fractional shares paid in cash.