S&T Bancorp director exercises RSUs, gets new grant
S&T Bancorp Inc. director Jeffrey D. Grube reported equity compensation changes.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Restricted Stock Units | 1,290 | $0.00 | $0.00 |
| Grant/Award | Director Restricted Stock Units | 1,136 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,290 | $44.03 | $57K |
Footnotes (3)
- F1. Upon vest, automatically converts into equal number of shares of common stock.
- F2. Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- F3. 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
Key Terms
Director Restricted Stock Units financial
restricted stock units financial
derivative security financial
contingent right financial
FAQ
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What insider transactions did S&T Bancorp (STBA) director Jeffrey Grube report?
What are the terms of the new Director Restricted Stock Units granted to S&T Bancorp (STBA) director Jeffrey Grube?
What does exercising Director Restricted Stock Units mean for S&T Bancorp (STBA) director Jeffrey Grube?
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