Director at S&T Bancorp (STBA) exercises 1,290 RSUs and receives 1,136-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
S&T Bancorp Inc. director Jeffrey D. Grube reported equity compensation changes. He exercised 1,290 shares of Director Restricted Stock Units into an equal number of Common Stock shares at $44.03 per share, bringing his direct common stock holdings to 46,275 shares.
Grube also received a new grant of 1,136 Director Restricted Stock Units. Each unit represents a contingent right to receive one share of S&T Bancorp common stock and will vest in 364 days from the date of issuance, after which vested shares will be delivered to him.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,290 shares exercised/converted
Mixed
3 txns
Insider
GRUBE JEFFREY D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Restricted Stock Units | 1,290 | $0.00 | -- |
| Grant/Award | Director Restricted Stock Units | 1,136 | $0.00 | -- |
| Exercise | Common Stock | 1,290 | $44.03 | $57K |
Holdings After Transaction:
Director Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 46,275 shares (Direct, null)
Footnotes (1)
- Upon vest, automatically converts into equal number of shares of common stock. Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock. The restricted stock units vest in 364 days from date of issuance. Vested shares will be delivered to the reporting person upon vesting.
Key Figures
RSUs exercised: 1,290 shares
Exercise price: $44.03 per share
Common shares held: 46,275 shares
+2 more
5 metrics
RSUs exercised
1,290 shares
Director Restricted Stock Units converted to Common Stock
Exercise price
$44.03 per share
Price for RSUs exercised into Common Stock
Common shares held
46,275 shares
Direct Common Stock holdings after transactions
New RSU grant
1,136 units
Director Restricted Stock Units granted to Jeffrey D. Grube
RSU vesting period
364 days
New Director Restricted Stock Units vest 364 days from issuance
Key Terms
Director Restricted Stock Units, restricted stock units, derivative security, contingent right
4 terms
Director Restricted Stock Units financial
"security_title: "Director Restricted Stock Units""
Director restricted stock units are promises by a company to give board members company shares in the future, usually after a set time or when certain conditions are met. They matter to investors because they can dilute existing shareholders when converted to shares and reveal how the board’s pay is tied to the company’s performance—like a delayed paycheck in company stock that aligns a director’s interests with shareholders and can affect share supply when released.
restricted stock units financial
"The restricted stock units vest in 364 days from date of issuance."
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What insider transactions did S&T Bancorp (STBA) director Jeffrey Grube report?
Director Jeffrey D. Grube exercised 1,290 Director Restricted Stock Units into common stock at $44.03 per share and received a new grant of 1,136 Director Restricted Stock Units that will convert into common shares upon vesting.
What are the terms of the new Director Restricted Stock Units granted to S&T Bancorp (STBA) director Jeffrey Grube?
Jeffrey D. Grube received 1,136 Director Restricted Stock Units, each representing a contingent right to one S&T Bancorp common share. These units vest in 364 days from the issuance date, and vested shares will be delivered to him upon vesting.
What does exercising Director Restricted Stock Units mean for S&T Bancorp (STBA) director Jeffrey Grube?
Exercising 1,290 Director Restricted Stock Units converted them into 1,290 S&T Bancorp common shares at a reported price of $44.03 per share, increasing Jeffrey D. Grube’s direct common stock holdings to 46,275 shares after the transactions.