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 | $0.00 |
| Exercise | Common Stock | 2,550 | $38.775 | $99K |
| Exercise Price or Tax Liability | Common Stock | 733 | $38.775 | $28K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (8)
- F1. Upon vest, automatically converts into equal number of shares of common stock.
- F2. Shares of common stock withheld for payment of tax liability for vested and converted RSU's.
- F3. 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.
- F4. Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. The Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date.
FAQ
What transactions did Rachel Lynn Smydo report on Form 4 for STBA?
Are there additional restricted stock units outstanding for the reporting person?
Was there any correction or clarification in the filing?
Who signed the Form 4 on behalf of the reporting person?
AI-generated analysis. How Rhea-AI works. Not financial advice.