Form 4: Sterling Bancorp Executive Christine Meredith Reports Share Withholding for Tax Obligations

Christine Meredith, Chief Operating Officer 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, Christine Meredith, the Chief Operating Officer of Sterling Bancorp, Inc., had 38,421 shares of common stock withheld by the company to satisfy tax obligations.
• This withholding occurred in connection with the accelerated vesting of all unvested shares of restricted stock previously granted to Ms. Meredith.
• Following the transaction, Ms. Meredith directly owns 144,150 shares of Sterling Bancorp, Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation and tax obligations, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a direct sale on the open market.

Key Dates

Keywords

Sterling Bancorp, Christine Meredith, Form 4, Share Withholding, Tax Obligations, Restricted Stock, Beneficial Ownership, SBT