S&T Bancorp director exercises 1,290 RSUs, gets new grant
S&T Bancorp Inc. director Lewis W. Adkins Jr. reported compensation-related equity activity.
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Rhea-AI Filing Summary
S&T Bancorp Inc. director Lewis W. Adkins Jr. reported compensation-related equity activity. He exercised director restricted stock units that converted into 1,290 shares of common stock at a reference price of $44.03 per share, bringing his directly held common shares to 11,995.
He was also granted 1,136 Director Restricted Stock Units, each representing a contingent right to receive one share of common stock. According to the footnotes, these restricted stock units vest in 364 days from the grant date, and vested shares will be delivered to him upon vesting. The filing shows only acquisitions and no sales or tax-withholding dispositions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Restricted Stock Units | 1,290 | $0.00 | $0.00 |
| Grant/Award | Director Restricted Stock Units | 1,136 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,290 | $44.03 | $57K |
Footnotes (3)
- F1. Upon vest, automatically converts into equal number of shares of common stock.
- F2. Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- F3. 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
Key Terms
Director Restricted Stock Units financial
Exercise or conversion of derivative security financial
restricted stock units vest in 364 days financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did S&T Bancorp (STBA) director Lewis W. Adkins Jr. report?
What is the size of the new restricted stock unit grant for S&T Bancorp (STBA) director?
When do the new S&T Bancorp (STBA) restricted stock units vest for the director?
AI-generated analysis. How Rhea-AI works. Not financial advice.