Christine Meredith - 02 Mar 2021 Form 4 Insider Report for Sterling Bancorp, Inc. (SBT)

Role: CHIEF RISK OFFICER
Signature: /s/ Christine Meredith by Colleen Kimmel, attorney-in-fact
Issuer symbol: SBT
Transactions as of: 02 Mar 2021
Net transactions value: -$25,651
Form type: 4
Filing time: 07 Jun 2022, 18:30:35 UTC
Next filing: 22 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBT	Common Stock	Tax liability	$5,352	-993	-3.7%	$5.39	25,930	02 Mar 2021	Direct	F1
transaction	SBT	Common Stock	Tax liability	$4,991	-796	-3.1%	$6.27	25,134	02 Mar 2022	Direct	F1
transaction	SBT	Common Stock	Tax liability	$15,308	-2,225	-8.9%	$6.88	22,909	23 Apr 2022	Direct	F1
transaction	SBT	Common Stock	Award	$0	+14,926	+65%	$0.000000	37,835	17 May 2022	Direct	F2
holding	SBT	Common Stock						1,740	02 Mar 2021	401(k) Plan

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.
F2	Represents award of restricted stock pursuant to the Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan ("Plan"). The restricted stock will vest over a three-year period as follows: 4,925 shares on May 17, 2023, an additional 4,925 shares on May 17, 2024, and the remaining 5,075 shares on May 17, 2025 subject to continued Service on each such date, or, if earlier, upon death or Disability or a Change of Control, all as specified in the Plan.

Content

Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.

Represents award of restricted stock pursuant to the Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan ("Plan"). The restricted stock will vest over a three-year period as follows: 4,925 shares on May 17, 2023, an additional 4,925 shares on May 17, 2024, and the remaining 5,075 shares on May 17, 2025 subject to continued Service on each such date, or, if earlier, upon death or Disability or a Change of Control, all as specified in the Plan.