Executive at S&T Bancorp (STBA) nets more shares after RSU vesting
Rhea-AI Filing Summary
S&T Bancorp, Inc. Executive Vice President Stephen A. Drahnak reported compensation-related stock activity involving restricted stock units (RSUs) and common shares. On April 1, 2026, he exercised RSUs into 5,212 shares of common stock at $42.28 per share equivalent and had 2,281 shares withheld to cover tax liabilities, resulting in a net increase of common shares.
Following these transactions, he holds 16,391.525 shares of common stock directly, plus 8,308.220 shares held indirectly through a 401(k) and 293 shares held indirectly for a child. He also received new RSU grants tied to S&T Bancorp’s long-term incentive plans, which vest over future years and may convert into additional common stock if vesting and performance conditions are met.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting, tax withholding and new grants; no open‑market trades.
The filing shows Executive Vice President Stephen A. Drahnak converting restricted stock units into S&T Bancorp common shares and settling associated tax obligations by share withholding at $42.28 per share. These are standard equity-compensation mechanics rather than discretionary market purchases or sales.
According to the summary data, 5,212 shares were acquired through RSU exercises, while 2,281 shares were withheld to pay taxes. Footnotes explain that some RSUs are performance-based awards under the 2023 Long Term Incentive Plan, with performance measured between January 1, 2023 and December 31, 2025 and certified on March 24, 2026.
After these transactions, Drahnak holds 16,391.525 shares directly, plus indirect holdings through a 401(k) and for a child. No remaining derivative positions are listed, and there are no open‑market buys or sells, so this appears to be routine compensation and tax settlement with neutral investment‑thesis impact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,076 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,076 | $0.00 | -- |
| Exercise | Restricted Stock Units | 738 | $0.00 | -- |
| Exercise | Restricted Stock Units | 756 | $0.00 | -- |
| Exercise | Restricted Stock Units | 642 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,775 | $0.00 | -- |
| Exercise | Common Stock | 3,076 | $42.28 | $130K |
| Tax Withholding | Common Stock | 1,346 | $42.28 | $57K |
| Exercise | Common Stock | 738 | $42.28 | $31K |
| Tax Withholding | Common Stock | 323 | $42.28 | $14K |
| Exercise | Common Stock | 756 | $42.28 | $32K |
| Tax Withholding | Common Stock | 331 | $42.28 | $14K |
| Exercise | Common Stock | 642 | $42.28 | $27K |
| Tax Withholding | Common Stock | 281 | $42.28 | $12K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 restricted stock units. 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. 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. 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 three equal annual installments beginning April 1, 2024. Vested shares will be delivered to the reporting person upon vesting. 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. 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. 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.