S&T Bancorp (STBA) CEO granted 9,566 RSUs, exercises 3,432 shares
Rhea-AI Filing Summary
S&T Bancorp Inc. Chief Executive Officer Christopher J. McComish reported routine equity compensation activity. He received a grant of 9,566 Restricted Stock Units (RSUs), each representing a contingent right to one share of common stock. On the same date, he exercised 3,432 RSUs, converting them into 3,432 shares of common stock at $42.28 per share.
Following the exercise, he directly holds 8,107 shares of common stock. He also retains several RSU awards tied to common stock, which generally vest in three equal annual installments beginning on dates from April 1, 2023 through April 1, 2027. Some RSUs, including performance-based units granted April 1, 2022 under the 2022 Long Term Incentive Plan, are subject to vesting based on achievement of performance criteria and are deferred for delivery until separation from service or specified events.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,566 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,432 | $0.00 | -- |
| Exercise | Common Stock | 3,432 | $42.28 | $145K |
| holding | Restricted Stock Units | -- | -- | -- |
| 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. 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, 2027. 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, 2024. In accordance with a pre-established deferral election made by the reporting person, vested shares will be delivered to the reporting person upon separation from service or sooner upon the occurrence of certain events. Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted April 1, 2022, under the Issuer's 2022 Long Term Incentive Plan. The performance period for the restricted stock units was January 1, 2022, until December 31, 2024, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on March 25, 2025. The restricted performance units awarded on April 1, 2022 vesting on April 1, 2025. In accordance with a pre-established deferral election made by the reporting person, vested shares will be delivered to the reporting person upon separation from service or sooner upon the occurrence of certain events. The restricted stock units vest in three equal annual installments beginning April 1, 2025. In accordance with a pre-established deferral election made by the reporting person, vested shares will be delivered to the reporting person upon separation from service or sooner upon the occurrence of certain events. The restricted stock units vest in three equal annual installments beginning April 1, 2023. V In accordance with a pre-established deferral election made by the reporting person, vested shares will be delivered to the reporting person upon separation from service or sooner upon the occurrence of certain events.
Key Figures
Key Terms
Restricted Stock Units financial
performance-based restricted stock units financial
2022 Long Term Incentive Plan financial
pre-established deferral election financial
separation from service financial
FAQ
What did S&T Bancorp (STBA) disclose about its CEO’s Form 4 transactions?
How many Restricted Stock Units did the S&T Bancorp CEO receive in this filing?
What stock option or RSU exercise did the S&T Bancorp CEO report?
How do the S&T Bancorp CEO’s RSUs vest according to the Form 4 footnotes?
Were any of the S&T Bancorp CEO’s RSUs performance-based in this filing?