James Arvo Michie - Jun 14, 2024 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
Jun 14, 2024
Transactions value $
$27,896
Form type
4
Date filed
6/17/2024, 03:37 PM
Previous filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STBA Common Stock Options Exercise $49.6K +1.65K +95.32% $30.06 3.38K Jun 14, 2024 Direct F1
transaction STBA Common Stock Tax liability -$21.7K -722 -21.35% $30.06 2.66K Jun 14, 2024 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 Options Exercise $0 -1.65K -49.25% $0.00 1.7K Jun 14, 2024 Common Stock 1.65K Direct F1, F3, F9
holding STBA Restricted Stock Units 335 Jun 14, 2024 Common Stock 335 Direct F3, F4
holding STBA Restricted Stock Units 1.42K Jun 14, 2024 Common Stock 1.42K Direct F3, F5
holding STBA Restricted Stock Units 2.27K Jun 14, 2024 Common Stock 2.27K Direct F3, F6, F7, F8
* 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 withheld upon vesting of Restricted Stock for payment of tax liability.
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, 2023. 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, 2024. Vested shares will be delivered to the reporting person upon vesting.
F6 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.
F7 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.
F8 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.
F9 The Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date.