S&T Bancorp Insider Filing: EVP Nicholson Converts 990 RSUs at $37.63
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 | -- |
| Exercise | Common Stock | 990 | $37.63 | $37K |
| Tax Withholding | Common Stock | 434 | $37.63 | $16K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
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. 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. Filing delay due by April 3, 2025, caused by software unable to attach footnotes to awards. 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. 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. 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 Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date.
