S&T Bancorp (STBA) EVP exercises RSUs and receives new stock grants
Rhea-AI Filing Summary
S&T Bancorp Executive Vice President James Arvo Michie reported a series of equity compensation transactions involving restricted stock units (RSUs) and common stock. On April 1, 2026 he exercised multiple RSU awards, converting 5,116 RSUs into the same number of common shares, with some of the resulting shares withheld to cover taxes.
He also received new grants of 3,005 RSUs and 1,833 RSUs, including performance-based restricted stock units tied to achievement of specified criteria under the 2023 Long Term Incentive Plan. Footnotes state these RSUs vest in scheduled installments beginning on various April 1 dates, with vested shares delivered upon vesting. Following these transactions, he directly holds 9,032 shares of S&T Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,876 shares
Net Buy
14 txns
Insider
Michie James Arvo
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 721 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 750 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 640 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 3,005 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,005 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,833 | $0.00 | $0.00 |
| Exercise | Common Stock | 721 | $42.28 | $30K |
| Exercise Price or Tax Liability | Common Stock | 316 | $42.28 | $13K |
| Exercise | Common Stock | 750 | $42.28 | $32K |
| Exercise Price or Tax Liability | Common Stock | 329 | $42.28 | $14K |
| Exercise | Common Stock | 640 | $42.28 | $27K |
| Exercise Price or Tax Liability | Common Stock | 280 | $42.28 | $12K |
| Exercise | Common Stock | 3,005 | $42.28 | $127K |
| Exercise Price or Tax Liability | Common Stock | 1,315 | $42.28 | $56K |
Holdings After Transaction:
Restricted Stock Units — 3,908 shares (Direct);
Common Stock — 9,032 shares (Direct)
Footnotes (9)
- F1. Upon vest, automatically converts into equal number of shares of common stock.
- F2. Shares of common stock withheld for payment of tax liability for vested and converted restricted stock units.
- F3. Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- F4. The restricted stock units vest in three equal annual installments beginning April 1, 2024. Vested shares will be delivered to the reporting person upon vesting.
- F5. The restricted stock units vest in three equal annual installments beginning April 1, 2025. Vested shares will be delivered to the reporting person upon vesting.
- F6. The restricted stock units vest in three equal annual installments beginning April 1, 2026. Vested shares will be delivered to the reporting person upon vesting.
- F7. Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted April 1, 2023, under the Issuer's 2023 Long Term Incentive Plan. The performance period for the restricted stock units was January 1, 2023, until December 31, 2025, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on March 24, 2026.
- F8. The restricted performance units awarded on April 1, 2023 vesting on April 1, 2026. Vested shares will be delivered to the reporting person upon vesting.
- F9. The restricted stock units vest in three equal annual installments beginning April 1, 2027. Vested shares will be delivered to the reporting person upon vesting.
Key Figures
RSUs exercised: 5,116 shares
Tax-withheld shares: 2,240 shares
New RSU grant: 3,005 RSUs
+3 more
6 metrics
RSUs exercised
5,116 shares
Total underlying shares from RSU exercises on April 1, 2026
Tax-withheld shares
2,240 shares
Shares withheld to cover tax liabilities (F-code transactions)
New RSU grant
3,005 RSUs
Restricted stock units granted with equal number of underlying shares
Additional RSU grant
1,833 RSUs
Restricted stock units granted vesting in three annual installments
Post-transaction holdings
9,032 shares
Common stock directly owned after transactions
Withholding price
$42.28/share
Price used for tax-withholding dispositions and related common stock entries
Key Terms
restricted stock units, tax-withholding disposition, performance-based restricted stock units, Long Term Incentive Plan, +1 more
5 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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
performance-based restricted stock units financial
"Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted April 1, 2023."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Long Term Incentive Plan financial
"under the Issuer's 2023 Long Term Incentive Plan."
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
vesting financial
"The restricted stock units vest in three equal annual installments beginning April 1, 2024."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did S&T Bancorp (STBA) EVP James Arvo Michie report?
He reported exercising multiple restricted stock unit (RSU) awards into common stock and receiving new RSU and performance-based RSU grants. Some of the shares from the exercises were withheld to cover tax obligations, a non-market disposition mechanism rather than an open-market sale.
How many S&T Bancorp restricted stock units did the EVP convert to common stock?
He exercised RSUs representing 5,116 underlying shares of S&T Bancorp common stock. Each restricted stock unit converts into one share upon vesting, so these exercises turned previously granted equity awards into actual shares as part of his compensation.
What new equity awards did the S&T Bancorp EVP receive in this Form 4?
He received grants of 3,005 restricted stock units and 1,833 restricted stock units, including performance-based awards. Footnotes explain that these units vest in scheduled installments beginning on specified April 1 dates, with vested shares delivered when vesting occurs.
Were any of the S&T Bancorp EVP’s transactions open-market stock sales?
No open-market sales were reported. Dispositions were coded as F transactions, meaning shares were withheld to satisfy tax liabilities related to vesting or exercises. This is a standard, non-market mechanism and does not reflect discretionary selling into the market.
How do the performance-based RSUs work for S&T Bancorp’s EVP?
Footnotes state the performance-based restricted stock units were granted under the 2023 Long Term Incentive Plan, with a performance period from January 1, 2023 through December 31, 2025. Vesting depends on achieving defined criteria determined by the Compensation Committee, with shares delivered upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
