Form 4: Sterling Bancorp Executive Elizabeth Keogh Sells Shares to Cover Tax Obligations

Elizabeth Keogh, Chief Legal Officer of Sterling Bancorp, sold shares to cover tax obligations related to the vesting of restricted stock.

Summary

• On March 19, 2025, Elizabeth M. Keogh, the Chief Legal Officer of Sterling Bancorp, Inc., engaged in a transaction involving the company's common stock.
• Keogh disposed of 59,509 shares of common stock at a price of $4.88 per share.
• This transaction was executed to cover tax withholding obligations related to the accelerated vesting of restricted stock previously granted to Keogh.
• Following the transaction, Keogh directly owns 87,083 shares of Sterling Bancorp, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

Sterling Bancorp, Elizabeth Keogh, Form 4, Stock Sale, Tax Obligations, Restricted Stock, Beneficial Ownership, SBT