S&T Bancorp director granted 1,136 restricted stock units
Barsz Peter Richard reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Barsz Peter Richard reported acquisition or exercise transactions in this Form 4 filing.
S&T Bancorp Inc. director Peter Richard Barsz reported a grant of 1,136 Director Restricted Stock Units (RSUs) on common stock. Each RSU represents a contingent right to receive one share of common stock at a price of $0.00 per unit. The RSUs vest in 364 days from the grant date, with shares delivered upon vesting or according to any pre-established deferral election. Following these updates, Barsz directly holds 10,598.35 shares of common stock and multiple outstanding RSU awards linked to common stock.
Insider Trade Summary
Grant/Award: 1,136 shares
Grant/Award
6 txns
Insider
Barsz Peter Richard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Restricted Stock Units | 1,136 | $0.00 | $0.00 |
| holding | Director Restricted Stock Units | -- | -- | -- |
| holding | Director Restricted Stock Units | -- | -- | -- |
| holding | Director Restricted Stock Units | -- | -- | -- |
| holding | Director Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Director Restricted Stock Units — 7,736 contracts for 6,600 underlying shares (Direct);
Common Stock — 10,598.35 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- F2. The restricted stock units vest in 364 days from date of issuance. Vested shares will be delivered to the reporting person upon vesting.
- F3. In accordance with a pre-established deferral election made by the reporting person, vested shares will be delivered to the reporting person upon separation from service, a pre-selected date, or sooner upon the occurrence of certain events.
- F4. The restricted stock units vest in 364 days from 05/16/2023. Vested shares will be delivered to the reporting person upon vesting.
Key Figures
New RSU grant: 1,136 units
Common stock held: 10,598.35 shares
RSUs position 1: 1,573 units
+4 more
7 metrics
New RSU grant
1,136 units
Director Restricted Stock Units granted on common stock
Common stock held
10,598.35 shares
Direct common stock ownership after reported transactions
RSUs position 1
1,573 units
Director Restricted Stock Units outstanding, linked to common stock
RSUs position 2
1,905 units
Director Restricted Stock Units outstanding, linked to common stock
RSUs position 3
1,290 units
Director Restricted Stock Units outstanding, linked to common stock
RSUs position 4
1,832 units
Director Restricted Stock Units outstanding, linked to common stock
RSU exercise price
$0.00 per unit
Conversion/exercise price for Director Restricted Stock Units
Key Terms
restricted stock units, contingent right, deferral election, vest
4 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock."
deferral election financial
"In accordance with a pre-established deferral election made by the reporting person, vested shares will be delivered to the reporting person upon separation from service, a pre-selected date, or sooner upon the occurrence of certain events."
vest financial
"The restricted stock units vest in 364 days from date of issuance. Vested shares will be delivered to the reporting person upon vesting."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did S&T Bancorp (STBA) director Peter Richard Barsz report on this Form 4?
Peter Richard Barsz reported a grant of 1,136 Director Restricted Stock Units. These units are compensation-linked awards that convert into common shares later, rather than an open-market stock purchase or sale.
How many Director Restricted Stock Units were granted to the S&T Bancorp (STBA) director?
The director received 1,136 Director Restricted Stock Units. Each unit represents a contingent right to receive one share of S&T Bancorp common stock, providing stock-based compensation that vests over time instead of immediate cash payment.
When do the newly granted S&T Bancorp (STBA) restricted stock units vest?
The newly granted restricted stock units vest in 364 days from the grant date. Once vested, shares are delivered either at vesting or according to the director’s prior deferral election, depending on the specific award terms.
What do S&T Bancorp (STBA) Director Restricted Stock Units represent?
Each Director Restricted Stock Unit represents a contingent right to receive one S&T Bancorp common share. They are typically used as equity compensation, aligning director interests with shareholders by delivering stock after vesting conditions are met.
Is the S&T Bancorp (STBA) director’s RSU grant an open-market stock purchase?
No, the RSU grant is not an open-market purchase. It is a compensation-related award granted at a $0.00 exercise price and will convert into common shares upon vesting, rather than being bought on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
