Form 4: Sterling Bancorp Executive Christine Meredith Reports Stock Transactions
SEC Form 4 Filing
Christine Meredith, Chief Operating Officer of Sterling Bancorp, reported the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On May 17, 2024, Christine Meredith, the Chief Operating Officer of Sterling Bancorp, Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 1,197 shares of common stock at a price of $5.3 to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Ms. Meredith directly owns 131,024 shares of common stock and indirectly owns 4,618 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
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track potential alignment between management's actions and shareholder interests.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding event.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of stock transaction (tax withholding). |
| 05/21/2024 | Date of signature on the report. |
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