S&T Bancorp EVP converts RSUs into shares
S&T Bancorp Executive Vice President Rachel Lynn Smydo reported multiple stock-based compensation transactions involving restricted stock units (RSUs) and common stock.
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Form Type
4
Rhea-AI Filing Summary
S&T Bancorp Executive Vice President Rachel Lynn Smydo reported multiple stock-based compensation transactions involving restricted stock units (RSUs) and common stock. She exercised or converted a total of 4,730 RSUs into common shares, with transaction prices for the resulting common stock reported at $42.28 per share.
To cover tax obligations on these vesting events, 1,361 common shares were withheld through tax-withholding dispositions. Smydo also received new RSU awards of 2,768 units and 1,755 units, which vest in future annual installments or upon performance-based conditions. Following these transactions, she directly holds 11,767 shares of S&T Bancorp common stock.
Insider Trade Summary
4,730 shares exercised/converted
Exercise
14 txns
Insider
Smydo Rachel Lynn
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 664 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 698 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 600 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,768 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,768 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,755 | $0.00 | $0.00 |
| Exercise | Common Stock | 664 | $42.28 | $28K |
| Exercise Price or Tax Liability | Common Stock | 191 | $42.28 | $8K |
| Exercise | Common Stock | 698 | $42.28 | $30K |
| Exercise Price or Tax Liability | Common Stock | 201 | $42.28 | $8K |
| Exercise | Common Stock | 600 | $42.28 | $25K |
| Exercise Price or Tax Liability | Common Stock | 173 | $42.28 | $7K |
| Exercise | Common Stock | 2,768 | $42.28 | $117K |
| Exercise Price or Tax Liability | Common Stock | 796 | $42.28 | $34K |
Holdings After Transaction:
Restricted Stock Units — 3,696 contracts (Direct);
Common Stock — 11,767 shares (Direct)
Footnotes (9)
- 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 restricted stock units.
- F3. Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- F4. 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.
- 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. Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted April 1, 2023, under the Issuer's 2023 Long Term Incentive Plan. The performance period for the restricted stock units was January 1, 2023, until December 31, 2025, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on March 24, 2026.
- F8. The restricted performance units awarded on April 1, 2023 vesting on April 1, 2026. Vested shares will be delivered to the reporting person upon vesting.
- F9. 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.
Key Figures
RSUs exercised: 4,730 units
Shares withheld for taxes: 1,361 shares
Common shares held after transactions: 11,767 shares
+3 more
6 metrics
RSUs exercised
4,730 units
Restricted stock units converted into common shares
Shares withheld for taxes
1,361 shares
Tax-withholding dispositions at $42.28 per share
Common shares held after transactions
11,767 shares
Direct ownership after all reported events
New RSU grant
2,768 units
Restricted stock units awarded with future vesting
Additional RSU grant
1,755 units
Restricted stock units awarded with scheduled vesting
Reported share price
$42.28 per share
Price used for common stock tax-withholding entries
Key Terms
Restricted Stock Units, tax-withholding disposition, performance-based restricted stock units, Long Term Incentive Plan
4 terms
Restricted Stock Units financial
"security_title":"Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action":"tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
performance-based restricted stock units financial
"Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted April 1, 2023"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Long Term Incentive Plan financial
"under the Issuer's 2023 Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did S&T Bancorp (STBA) Executive Vice President Rachel Lynn Smydo report on this Form 4?
She reported several stock-based compensation transactions, including exercises of restricted stock units into common stock and tax-withholding dispositions. The filing also shows new RSU awards and her updated direct ownership of 11,767 S&T Bancorp common shares after these events.
How many restricted stock units did the S&T Bancorp EVP convert into common stock?
She exercised or converted 4,730 restricted stock units into common stock. These conversions reflect RSUs that vested and automatically delivered an equal number of S&T Bancorp common shares to her, consistent with the plan terms described in the accompanying footnotes.
What new restricted stock unit grants did the S&T Bancorp EVP receive?
She received new RSU awards of 2,768 units and 1,755 units. According to the footnotes, these units vest in scheduled installments or upon performance-based criteria, with vested shares delivered to her upon vesting under S&T Bancorp’s long-term incentive arrangements.
What is the role of tax-withholding dispositions in this S&T Bancorp Form 4?
Tax-withholding dispositions cover income tax obligations triggered by RSU vesting. In this filing, 1,361 S&T Bancorp common shares were withheld at $42.28 per share to pay these taxes, which is treated as a disposition but does not represent an open-market sale decision.
AI-generated analysis. How Rhea-AI works. Not financial advice.
