Form 4: Sterling Bancorp EVP and CFO Karen Knott Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Karen Knott, EVP and CFO of Sterling Bancorp, reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On May 17, 2024, Karen Knott, the EVP and CFO of Sterling Bancorp, Inc., had shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock.
- A total of 1,687 shares were withheld at a price of $5.3 per share.
- Following the transaction, Knott directly owns 124,590 shares of common stock and indirectly owns 4,492 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction involving the withholding of shares for tax obligations. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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