Form 4: Sterling Bancorp Executive Eleni Willis Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Eleni Willis, Chief Risk Officer of Sterling Bancorp, reports the withholding of 13,425 common stock shares to cover tax obligations related to the accelerated vesting of restricted stock.
Summary
- On March 19, 2025, Eleni Willis, the Chief Risk Officer of Sterling Bancorp, had 13,425 shares of common stock withheld by the company to satisfy tax obligations.
- This withholding was related to the accelerated vesting of previously granted restricted stock.
- Following the transaction, Willis directly owns 51,653 shares of Sterling Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/19/2025 | Date of share withholding for tax obligations. |
| 03/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Sterling Bancorp, Eleni Willis, Chief Risk Officer, Form 4, Share Withholding, Tax Obligations, Restricted Stock, Beneficial Ownership, SBT
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