S&T Bancorp (STBA) EVP converts 510 RSUs; 224 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
S&T Bancorp Executive Vice President Melanie A. Lazzari exercised restricted stock units that vested into common stock. On April 10, 2026, 510 restricted stock units converted into 510 shares of common stock at an implied price of $43.81 per share. To cover tax liabilities on the vested and converted RSUs, 224 common shares were withheld rather than sold in the market. After these transactions, she directly held 15,749.202 common shares, with additional indirect holdings of 8,041.149 shares in a 401(k) and 9 shares in a spouse IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
510 shares exercised/converted
Mixed
5 txns
Insider
Lazzari Melanie A
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 510 | $0.00 | -- |
| Exercise | Common Stock | 510 | $43.81 | $22K |
| Tax Withholding | Common Stock | 224 | $43.81 | $10K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 15,973.202 shares (Direct);
Common Stock — 8,041.149 shares (Indirect, 401(k))
Footnotes (1)
- Upon vest, automatically converts into equal number of shares of common stock. Shares of common stock withheld for payment of tax liability for vested and converted RSU's. On April 10, 2023, the Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date.
Key Figures
RSUs converted: 510 units/shares
Implied share price: $43.81 per share
Shares withheld for taxes: 224 shares
+3 more
6 metrics
RSUs converted
510 units/shares
Restricted stock units converting into common stock on April 10, 2026
Implied share price
$43.81 per share
Transaction price for 510 common shares received from RSU conversion
Shares withheld for taxes
224 shares
Common shares withheld to satisfy tax liability on vested RSUs
Direct holdings after transaction
15,749.202 shares
Direct S&T Bancorp common stock ownership following April 10, 2026 transactions
401(k) indirect holdings
8,041.149 shares
Indirect ownership via 401(k) account as of April 10, 2026
Spouse IRA holdings
9 shares
Indirect ownership through spouse IRA as of April 10, 2026
Key Terms
Restricted Stock Units, tax liability, 401(k), Spouse IRA, +1 more
5 terms
Restricted Stock Units financial
"Upon vest, automatically converts into equal number of shares of 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 liability financial
"Shares of common stock withheld for payment of tax liability for vested and converted RSU's."
401(k) financial
"Common Stock ... nature_of_ownership: "401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
Spouse IRA financial
"Common Stock ... nature_of_ownership: "Spouse IRA""
special grant financial
"the Registrant awarded a special grant to the executive officer that will vest equally"
FAQ
What insider transaction did S&T Bancorp (STBA) report for Melanie A. Lazzari?
S&T Bancorp reported that Executive Vice President Melanie A. Lazzari exercised 510 restricted stock units into 510 shares of common stock. The RSUs vested automatically and converted into an equal number of common shares according to the award’s terms.
What indirect S&T Bancorp (STBA) holdings are reported for Melanie Lazzari?
The Form 4 shows indirect ownership of 8,041.149 S&T Bancorp shares in a 401(k) account and 9 shares in a spouse IRA. These are reported separately from her direct holdings to clarify different ownership types and account structures.
What do the footnotes in Melanie Lazzari’s S&T Bancorp (STBA) Form 4 explain?
The footnotes explain that the RSUs automatically convert into an equal number of common shares upon vesting, that some common shares were withheld to pay tax liabilities, and that the award was a special 2023 grant vesting over three anniversary dates.