Form 4: Sterling Bancorp EVP and CFO Karen Knott Reports Share Withholding for Tax Obligations
SEC Form 4
Karen Knott, EVP and CFO of Sterling Bancorp, reports the withholding of shares to cover tax obligations related to the accelerated vesting of restricted stock.
Summary
- On March 19, 2025, Karen Knott, the EVP and CFO of Sterling Bancorp, had 43,794 shares of common stock withheld to satisfy tax obligations.
- This withholding was related to the accelerated vesting of previously granted restricted stock.
- Following the transaction, Knott directly owns 127,188 shares of Sterling Bancorp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 03/19/2025 | Date of share withholding transaction. |
| 03/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Sterling Bancorp, Karen Knott, EVP, CFO, Form 4, Share Withholding, Tax Obligations, Restricted Stock, Beneficial Ownership, SBT
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