S&T Bancorp (STBA) director exercises 1,290 RSUs and receives 1,136-unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
S&T Bancorp director Ramachandran Bhaskar reported compensation-related equity activity. He exercised director restricted stock units into 1,290 shares of common stock at an indicated price of $44.03 per share, bringing his direct holdings to 4,114 common shares. He also received a new grant of 1,136 director restricted stock units, each representing a contingent right to one common share. These units vest in 364 days from the grant date, with shares delivered upon vesting, and involve no open‑market buying or selling.
Positive
- None.
Negative
- None.
Insights
Director activity is routine equity compensation with no open‑market trades.
The filing shows Ramachandran Bhaskar exercising director restricted stock units into 1,290 common shares and receiving a new grant of 1,136 restricted stock units. These are standard board compensation mechanisms rather than discretionary stock purchases or sales.
After the exercise, he directly holds 4,114 common shares, and all previously reported director RSUs tied to the 1,290-share exercise are now fully converted with no remaining balance. The new RSUs vest in 364 days, when they convert one‑for‑one into common stock, so any impact depends on future vesting and delivery, not current trading.
Insider Trade Summary
1,290 shares exercised/converted
Mixed
3 txns
Insider
Ramachandran Bhaskar
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 — 4,114 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 into common stock: 1,290 shares
Exercise reference price: $44.03 per share
Common shares after transactions: 4,114 shares
+2 more
5 metrics
RSUs exercised into common stock
1,290 shares
Director restricted stock units converted to common stock
Exercise reference price
$44.03 per share
Price per share on common stock transaction entry
Common shares after transactions
4,114 shares
Director’s direct common stock holding following exercise
New RSU grant size
1,136 units
Director restricted stock units awarded, each for one common share
RSU vesting period
364 days
Vesting period from issuance for new director restricted stock units
Key Terms
Director Restricted Stock Units, derivative security, contingent right, vest, +1 more
5 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.
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
"represents a contingent right to receive one share of common stock"
vest financial
"The restricted stock units vest in 364 days from date of issuance."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
FAQ
What did S&T Bancorp (STBA) director Ramachandran Bhaskar do in this Form 4?
Director Ramachandran Bhaskar exercised director restricted stock units into 1,290 shares of S&T Bancorp common stock and received a new grant of 1,136 restricted stock units, all as part of equity-based director compensation rather than open-market trading.
What are the terms of the new restricted stock units granted at S&T Bancorp (STBA)?
The director received 1,136 director restricted stock units, each representing a contingent right to one S&T Bancorp common share. These restricted stock units vest in 364 days from the grant date, and the vested shares will be delivered to the director upon vesting.
What does the Form 4 say about vesting of S&T Bancorp (STBA) director restricted stock units?
Footnotes state each restricted stock unit converts into one common share upon vesting. The newly granted 1,136 units vest in 364 days, at which time the corresponding common shares will be delivered to the reporting director as part of compensation.