0001104659-23-049715.txt : 20230425 0001104659-23-049715.hdr.sgml : 20230425 20230425181219 ACCESSION NUMBER: 0001104659-23-049715 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230410 FILED AS OF DATE: 20230425 DATE AS OF CHANGE: 20230425 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: OBrien Thomas M CENTRAL INDEX KEY: 0001381048 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38290 FILM NUMBER: 23846218 MAIL ADDRESS: STREET 1: C/O STATE BANK OF LONG ISLAND STREET 2: 2 JERICHO PLAZA CITY: JERICHO STATE: NY ZIP: 11753 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Sterling Bancorp, Inc. CENTRAL INDEX KEY: 0001680379 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 382424834 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE TOWNE SQUARE STREET 2: SUITE 1900 CITY: SOUTHFIELD STATE: MI ZIP: 48076 BUSINESS PHONE: 248-351-3495 MAIL ADDRESS: STREET 1: ONE TOWNE SQUARE STREET 2: SUITE 1900 CITY: SOUTHFIELD STATE: MI ZIP: 48076 4 1 tm2313720-4_4seq1.xml OWNERSHIP DOCUMENT X0407 4 2023-04-10 0 0001680379 Sterling Bancorp, Inc. SBT 0001381048 OBrien Thomas M C/O STERLING BANCORP, INC. ONE TOWNE SQUARE, SUITE 1900 SOUTHFIELD MI 48076 0 1 0 0 CHIEF EXECUTIVE OFFICER 0 Common Stock 300000 D Common Stock 4788 I 401(k) Plan The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "Plan"), consisting primarily of the issuer's Common Stock and the remainder in cash or cash equivalents. The number of shares in this row is an estimate of the number of shares of the issuer's Common Stock held in the unitized stock fund and attributed to the reporting person as a Plan participant. Includes a corrected estimate of 2,205 shares of Common Stock allocable to the reporting person as of April 6, 2022, calculated based on the $7.10 closing price of the issuer's Common Stock as of April 5, 2022, which was the date prior to the date that the shares of Common Stock were contributed to the unitized stock fund. Includes an estimate of 2,583 shares of Common Stock allocable to the reporting person as of April 10, 2023. This has been calculated based on the $5.56 closing price of the issuer's Common Stock as of April 9, 2023, which was the date prior to the date that the shares of Common Stock were contributed to the unitized stock fund, and may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's Common stock and the amount of cash in the unitized stock fund. The shares of Common Stock were contributed to the unitized stock fund and allocated to participants on April 10, 2023. Exhibit List: Exhibit 24 - Power of Attorney /s/ Thomas M. O'Brien by Elizabeth M. Keogh, attorney-in-fact 2023-04-25 EX-24 2 tm2313720d4_ex24.htm EXHIBIT 24

Exhibit 24

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Elizabeth M. Keogh, Colleen Kimmel and Karen Knott, signing singly, his or her true and lawful attorney-in-fact to:

1.            execute for and on behalf of the undersigned, with respect to the undersigned’s position as a director and/or officer of Sterling Bancorp, Inc. (the “Company”), Form ID and Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

2.            do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form ID or Forms 3, 4 or 5, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange, stock market or similar authority; and

3.            take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, and in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact or in a superseding Power of Attorney filed with the United States Securities and Exchange Commission. For the avoidance of doubt, the undersigned’s signature to this Power of Attorney hereby supersedes all prior appointments of attorneys-in-fact with respect to the rights and powers granted and described above.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of January 25, 2023.


	/s/ Thomas M. O’Brien
	Thomas M. O’Brien