Form 4: Sterling Bancorp Executive Christine Meredith Reports Stock Transaction
SEC Form 4 Filing
Christine Meredith, Chief Operating Officer of Sterling Bancorp, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On April 23, 2024, Christine Meredith, the Chief Operating Officer of Sterling Bancorp, Inc., had 2,005 shares of common stock withheld by the company to cover tax obligations.
- The shares were withheld at a price of $4.91 per share.
- Following the transaction, Meredith directly owns 132,221 shares of common stock and indirectly owns 4,618 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (tax withholding) and doesn't indicate 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 a standard tax withholding related to vested equity.
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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