James Arvo Michie - Apr 1, 2023 Form 4 Insider Report for S&T BANCORP INC (STBA)

Role
Executive Vice President
Signature
/s/ Susan L. Rager-Parr, attorney-in-fact for James Arvo Michie
Stock symbol
STBA
Transactions as of
Apr 1, 2023
Transactions value $
$7,234
Form type
4
Date filed
4/4/2023, 05:20 PM
Previous filing
Sep 8, 2022
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STBA Common Stock Options Exercise $10.2K +323 $31.45 323 Apr 1, 2023 Direct F1
transaction STBA Common Stock Tax liability -$2.92K -93 -28.79% $31.45 230 Apr 1, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STBA Restricted Stock Units Award $0 +2.12K $0.00 2.12K Apr 1, 2023 Common Stock 2.12K Direct F3, F4
transaction STBA Restricted Stock Units Options Exercise $0 -323 -32.93% $0.00 658 Apr 1, 2023 Common Stock 323 Direct F1, F3, F5
holding STBA Restricted Stock Units 5K Apr 1, 2023 Common Stock 5K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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, 2023. Vested shares will be delivered to the reporting person upon vesting.
F6 The Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date.