Form 4: S&T Bancorp Director Bhaskar Ramachandran Reports Stock Transactions
SEC Form 4
Director Bhaskar Ramachandran reports the vesting and conversion of restricted stock units into S&T Bancorp common stock.
Summary
- On May 14, 2024, Director Bhaskar Ramachandran reported transactions involving S&T Bancorp, Inc. common stock.
- 487 restricted stock units vested and were converted into 487 shares of common stock at a price of $31.8 per share.
- Additionally, 1,573 restricted stock units were acquired, vesting in 364 days from the issuance date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The document indicates future vesting of restricted stock units in 364 days from the issuance date.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding director stock ownership.
Next Steps
- The 1,573 restricted stock units will vest in 364 days from the issuance date.
Key Dates
| Date | Description |
|---|---|
| 01/24/2024 | Date of appointment of new director. |
| 05/14/2024 | Date of transaction: Vesting and conversion of restricted stock units. |
| 05/15/2024 | Date of signature on the report. |
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