STBA EVP Nicholson Adds 556 Shares via RSU Vesting on 7/29/25
Form 4 highlights for S&T Bancorp (STBA): On 07/29/2025 Executive Vice President Susan A. Nicholson converted 990 restricted stock units (RSUs) into an equal number of common shares (Transaction Code M) at the closing price of $37.63.
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Rhea-AI Filing Summary
Form 4 highlights for S&T Bancorp (STBA): On 07/29/2025 Executive Vice President Susan A. Nicholson converted 990 restricted stock units (RSUs) into an equal number of common shares (Transaction Code M) at the closing price of $37.63. To cover associated taxes, 434 shares were automatically withheld (Code F) at the same price.
After the transactions, Nicholson’s direct common-stock holding rose by 556 shares to 6,363 shares. She also retains derivative interests in 4,800 unvested RSUs (657, 1,744, 1,389 and 1,010 special-grant units), each vesting in three equal annual installments beginning between 2024-2026.
No open-market purchases or sales occurred; activity reflects routine equity-compensation vesting and tax withholding. The filing does not alter total shares outstanding and has minimal immediate impact on STBA’s float.
Positive
- Net increase of 556 shares in EVP Nicholson’s direct holdings, modestly enhancing management ownership alignment.
Negative
- None.
Insights
TL;DR: Routine RSU vesting; net +556 shares to EVP, low market impact.
The M-code transaction is an automatic RSU conversion, not a discretionary buy, so its signaling value is limited. Nonetheless, the executive’s net increase demonstrates continued equity alignment. The 4,800 RSUs vesting through 2026 represent ongoing dilution of roughly 0.01 % of shares outstanding—immaterial for valuation. Overall impact on trading dynamics or investor perception should be neutral to slightly positive.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 990 | $0.00 | $0.00 |
| Exercise | Common Stock | 990 | $37.63 | $37K |
| Exercise Price or Tax Liability | Common Stock | 434 | $37.63 | $16K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
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 RSU's.
- 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. Filing delay due by April 3, 2025, caused by software unable to attach footnotes to awards.
- 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. Correction to the name of the award. It is not a Director's award, but officer award. All other aspects of the award, including date of award, number of shares, and vesting remain unchanged.
- F8. 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.
- F9. The Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date.
FAQ
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What was the transaction price for the RSU conversion?
Does the Form 4 indicate open-market buying or selling?
How many unvested RSUs remain outstanding to Nicholson?
AI-generated analysis. How Rhea-AI works. Not financial advice.