Form of Restricted Stock Award Notice and Award Agreement for Non-Employee Directors Pursuant to the Sterling Bancorp Amended and Restated 2015 Omnibus Equity and Incentive Plan

ID: 80-0091851

Two Blue Hill Plaza, 2nd Floor

Pearl River, New York 10965

(a)Size and Type of Award. The shares of Common Stock (the “Shares”) of Sterling Bancorp (the “Company”) covered by this Restricted Stock Award (the “Awarded Shares”) are listed on the Restricted Stock Award Notice and Award Agreement (the “Award Notice”), and is subject to all of the terms and conditions of the Sterling Bancorp Amended and Restated 2015 Omnibus Equity and Incentive Plan (the “Plan”).

(b)Section 83(b) Tax Election. The Awarded Shares will be issued to you and will include a restrictive legend incorporating the terms and conditions of this Award Notice. You may elect to be taxed on shares immediately upon their transfer to you instead of later when they vest. If you make this election, you will be required to include in ordinary income, for the taxable year in which the Award Date occurs, an amount equal to the fair market value of the shares on the Award Date. You make this election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, by filing a statement of election containing specified items of information with the Internal Revenue Service within thirty (30) days after the Award Date. You must give a copy of the statement you file to the Company. If you make this election, the vesting of your Restricted Stock Award will not subject you to further income tax. You are solely responsible for all tax consequences in connection with this Restricted Stock Award; and you are solely responsible for consulting with any third-party tax consultants you deem advisable and are not relying upon the Company for any tax advice.

(c)Service Your service as a Non-Employee Director constitutes adequate consideration for the issuance of the Awarded Shares to you having a value at least equal to the par value of the Awarded Shares, but the vesting conditions described below will nevertheless determine your right to acquire unrestricted ownership of the Awarded Shares.

(a)Vesting Date. The vesting date (the “Vesting Date”) for your Awarded Shares are specified on this Award Notice. On the Vesting Date, you will obtain unrestricted ownership of the Awarded Shares that vest on that Vesting Date.

(b)Vesting Condition. Your Restricted Stock Award is for service as a Non-Employee Director and you must, except as otherwise provided herein, remain in continuous service as a Non-Employee Director from the Award Date through the relevant Vesting Date.

(c)Forfeiture. Except as otherwise provided herein, if you terminate service as a Non-Employee Director prior to a Vesting Date, you will forfeit any Awarded Shares that are scheduled to vest on or after that date. When you forfeit Awarded Shares, all of your interest in the Awarded Shares will be canceled and any stock certificate or other evidence of ownership must be returned to the Compensation Committee or to the Company. You agree to take any action and execute and deliver any document that the

Company requests to effect the return of your unvested Awarded Shares. In the event you do not cooperate with the Company in this regard, you hereby appoint and designate the Company as your attorney-in-fact for the purpose of taking any action and signing any document, in your name, which the Company determines is necessary to enforce the forfeiture.

(d)Change in Control. All of the Awarded Shares shall immediately vest in full and all other restrictions placed on the Awarded Shares shall be removed if a Change in Control occurs.

(e)Death, Disability and Retirement. If your service as a Non-Employee Director ends due to death, disability or Retirement before all of the Awarded Shares vest, the vesting of such unvested Awarded Shares will be accelerated to such date of termination of service, and without any further action on your part. You may designate a beneficiary to receive any Awarded Shares that vest upon your death using the Beneficiary Designation attached as Appendix A.

(f)Definition of Service. For purposes of determining the vesting of your Awarded Shares, you will be deemed to be in the service of the Company for so long as you serve as a Non-Employee Director.

(g)Application of Clawback Policy. Notwithstanding anything in this Award Notice to the contrary, the Awarded Shares and any related dividends shall be subject to adjustment and/or recovery, in whole or in part, following the date on which they become vested and payable if and to the extent (i) required by any applicable law, rule or regulation or (ii) provided under the terms of any clawback policy or other policy of similar import adopted by the Company and in effect on the date the Awarded Shares or dividends, as applicable, become vested and payable.

Section 6. Taxes. Where any person is entitled to receive Awarded Shares pursuant to this Restricted Stock Award, the Company shall have the right to require such person to pay to the Company the amount of any tax which the Company is required to withhold with respect to such Shares, or, in lieu thereof, to retain, or to sell without notice, a sufficient number of Shares to cover the amount required to be withheld.

Section 7. Notices. Any communication required or permitted to be given under the Plan, including any notice, direction, designation, comment, instruction, objection or waiver, shall be in writing and shall be deemed to have been given at such time as it is delivered personally or five (5) days after mailing if mailed, postage prepaid, by registered or certified mail, return receipt requested, addressed to such party at the address listed below, or at such other address as one such party may by written notice specify to the other party:

Section 8. Restrictions on Transfer. The Restricted Stock Award granted hereunder shall not be subject in any manner to anticipation, alienation or assignment, nor shall such award be liable for, or subject to, debts, contracts, liabilities, engagements or torts, nor shall it be transferable by you other than by will or by the laws of descent and distribution or as otherwise permitted by the Plan. To name a beneficiary, complete the attached Appendix A and file it with the Corporate Secretary of the Company.

Section 9. Successors and Assigns. This Award Notice shall inure to the benefit of and shall be binding upon the Company and you and the respective heirs, successors and assigns of both you and the Company.

Section 10. Construction of Language. Whenever appropriate in this Award Notice, words used in the singular may be read in the plural, words used in the plural may be read in the singular, and words importing the masculine gender may be read as referring equally to the feminine or the neuter. Any reference to a section shall be a reference to a section of this Award Notice, unless the context clearly indicates otherwise. Capitalized terms not specifically defined herein shall have the meanings assigned to them under the Plan.

Section 11. Governing Law. This Award Notice shall be construed, administered and enforced according to the laws of the State of New York without giving effect to the conflict of law principles thereof, except to the extent that such laws are preempted by federal law. The federal and state courts having jurisdiction in Rockland County, New York shall have exclusive jurisdiction over any claim, action, complaint or lawsuit brought under the terms of the Plan. By accepting any Award granted under this Award Notice, you, and any other person claiming any rights under this Award Notice, agree to submit himself or herself, and any such legal action as he or she shall bring under the Plan, to the sole jurisdiction of such courts for the adjudication and resolution of any such disputes.

Section 12. Amendment. This Award Notice may be amended, in whole or in part and in any manner not inconsistent with the provisions of the Plan, at any time and from time to time, by written agreement between the Company and you. This Award Notice amends and supersedes any Award Notice bearing the same effective date.

Section 13. Plan Provisions Control. This Award Notice and the rights and obligations created hereunder shall be subject to all of the terms and conditions of the Plan that would apply if this Award Notice were being made under the Plan. In the event of any conflict between the provisions of the Plan and the provisions of this Award Notice, the terms of the Plan, which are incorporated herein by reference, shall control. By signing this Award Notice, you acknowledge receipt of a copy of the Plan. You acknowledge that you may not and will not rely on any statement of account or other communication or document issued in connection with this Restricted Stock Award other than the Plan, this Award Notice, or any document signed by an authorized representative of the Company that is designated as an amendment of the Plan or this Award Notice.