Form 4: Sterling Bancorp EVP and CFO Karen Knott Reports Stock Transaction
SEC Form 4 Filing
Karen Knott, EVP and CFO of Sterling Bancorp, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On April 23, 2024, Karen Knott, the EVP and CFO of Sterling Bancorp, Inc., had shares of common stock withheld to satisfy tax obligations.
- A total of 917 shares were withheld at a price of $4.91 per share.
- Following the transaction, Knott directly owns 126,277 shares of Sterling Bancorp common stock.
- Knott also indirectly owns 4,492 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of a routine transaction.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common among 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 |
|---|---|
| 04/23/2024 | Date of stock transaction (tax withholding) |
| 04/24/2024 | Date of signature on the Form 4 filing |
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