S&T Bancorp (STBA) director adds 1,290 shares and receives 1,136 RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,290 shares exercised/converted
Mixed
3 txns
Insider
Adkins Lewis W Jr
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 — 11,995 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: 1,290 shares
Reference price per share: $44.03/share
Common shares after transactions: 11,995 shares
+3 more
6 metrics
RSUs exercised into common
1,290 shares
Director restricted stock units converted to common stock
Reference price per share
$44.03/share
Common Stock transaction price per share
Common shares after transactions
11,995 shares
Directly held S&T Bancorp common stock
New RSU grant
1,136 units
Director Restricted Stock Units awarded
Underlying common for new RSUs
1,136 shares
Common stock underlying Director RSUs granted
RSU vesting period
364 days
Time from issuance to vesting for new RSUs
Key Terms
Director Restricted Stock Units, Exercise or conversion of derivative security, restricted stock units vest in 364 days, contingent right to receive one share
4 terms
Director Restricted Stock Units financial
"The filing reports Director Restricted Stock Units as derivative securities."
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.
Exercise or conversion of derivative security financial
"Transaction code M is described as exercise or conversion of derivative security."
restricted stock units vest in 364 days financial
"The restricted stock units vest in 364 days from date of issuance."
FAQ
What insider transactions did S&T Bancorp (STBA) director Lewis W. Adkins Jr. report?
Lewis W. Adkins Jr. reported equity awards and an RSU exercise. He exercised director restricted stock units into 1,290 common shares and received a new grant of 1,136 Director Restricted Stock Units, with no open-market purchases or sales disclosed.
What is the size of the new restricted stock unit grant for S&T Bancorp (STBA) director?
The director received 1,136 Director Restricted Stock Units. Each unit represents a contingent right to receive one share of S&T Bancorp common stock, forming part of his compensation rather than an open-market share purchase.
When do the new S&T Bancorp (STBA) restricted stock units vest for the director?
The new restricted stock units vest in 364 days from the grant date. Upon vesting, the vested units automatically convert into an equal number of S&T Bancorp common shares, which will then be delivered to the reporting person.