S&T Bancorp (STBA) Insider: Smydo RSU Vesting Converts 2,550 Shares
Rhea-AI Filing Summary
Rachel Lynn Smydo, Executive Vice President of S&T Bancorp, Inc. (STBA), reported equity activity on 09/23/2025. A special award of 2,550 restricted stock units vested and upon vesting automatically converted into 2,550 shares of common stock at a reported price reference of $38.775. To satisfy tax withholding on vested RSUs, 733 shares were withheld, resulting in a net increase then final reported beneficial ownership of 8,398 shares following the transactions. The filing lists outstanding restricted stock units that vest in staggered annual installments: 1,420, 1,819, and 664 units for future vesting schedules. The Form 4 was signed by an attorney-in-fact on behalf of Ms. Smydo on 09/25/2025.
Positive
- 2,550 restricted stock units vested and converted into common shares, reflecting executed compensation grants
- Detailed vesting schedules disclosed for outstanding RSU tranches (1,420; 1,819; 664), providing clarity on future dilution timing
- Correction noted clarifying the award is an officer award rather than a director award
Negative
- 733 shares were withheld to satisfy tax liabilities on vested RSUs, reducing net shares delivered to the reporting person
- Post-transaction beneficial ownership decreased to 8,398 shares after the withholding event (as reported)
Insights
TL;DR: Routine executive RSU vesting converted to shares, with tax-withholding; modest change in reported beneficial ownership.
The filing documents the vesting and automatic conversion of a 2,550-RSU special grant into common shares on 09/23/2025 and the withholding of 733 shares to cover taxes, yielding a reported post-transaction ownership of 8,398 shares. This is a standard compensation-related transaction rather than a market sale or outside acquisition. The report also discloses multiple outstanding RSU tranches (1,420; 1,819; 664) that will vest in future annual installments, indicating continued equity-linked compensation for the executive.
TL;DR: Disclosure reflects routine equity compensation mechanics and internal tax withholding; no governance red flags shown.
The Form 4 clarifies that one award was mischaracterized previously and is confirmed as an officer award; vesting schedules and conversion mechanics are explicitly described. The signature by an attorney-in-fact is recorded. All entries are transaction-level disclosures required under Section 16 and align with normal executive compensation processes disclosed by the issuer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,550 | $0.00 | -- |
| Exercise | Common Stock | 2,550 | $38.775 | $99K |
| Tax Withholding | Common Stock | 733 | $38.775 | $28K |
| 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. 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. 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, 2025. 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. 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.
