Mark Kochvar - Apr 1, 2024 Form 4 Insider Report for S&T BANCORP INC (STBA)

Role
SR EXEC VICE PRESIDENT & CFO
Signature
/s/ Susan L. Rager-Parr, attorney-in-fact for Mark Kochvar
Stock symbol
STBA
Transactions as of
Apr 1, 2024
Transactions value $
$4,879
Form type
4
Date filed
4/3/2024, 06:39 PM
Previous filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STBA Common Stock Disposed to Issuer -$16.2K -508 -1.04% $31.89 48.4K Apr 1, 2024 Direct F1
transaction STBA Common Stock Tax liability -$19.2K -601 -1.24% $31.89 47.8K Apr 1, 2024 Direct F2
transaction STBA Common Stock Options Exercise $33.1K +1.04K +2.17% $31.89 48.8K Apr 1, 2024 Direct F3
transaction STBA Common Stock Tax liability -$13.7K -430 -0.88% $31.89 48.4K Apr 1, 2024 Direct F4
transaction STBA Common Stock Options Exercise $35.7K +1.12K +2.31% $31.89 49.5K Apr 1, 2024 Direct F3
transaction STBA Common Stock Tax liability -$14.8K -463 -0.93% $31.89 49.1K Apr 1, 2024 Direct F4
holding STBA Common Stock 35.6K Apr 1, 2024 401-k

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 Options Exercise $0 -1.04K -49.24% $0.00 1.07K Apr 1, 2024 Common Stock 1.04K Direct F3, F5, F6
transaction STBA Restricted Stock Units Options Exercise $0 -1.12K -33% $0.00 2.27K Apr 1, 2024 Common Stock 1.12K Direct F3, F5, F7
transaction STBA Director Restricted Stock Units Award $0 +3.58K $0.00 3.58K Apr 1, 2024 Common Stock 3.58K Direct F5, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Forfeiture of performance shares from the 2021 Long-Term Incentive Plan. Performance shares vested at 73%, between Threshold and Target level.
F2 Shares withheld upon vesting of Restricted Stock for payment of tax liability.
F3 Upon vest, automatically converts into equal number of shares of common stock.
F4 Shares of common stock withheld for payment of tax liability for vested and converted RSU's.
F5 Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
F6 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.
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 restricted stock units vest in three equal annual installments beginning April 1, 2025. 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, 2025. In accordance with a pre-established deferral election made by the reporting person, vested shares will be delivered to the reporting person upon separation from service or sooner upon the occurrence of certain events.