Form 4: S&T Bancorp Director Christine J. Toretti Reports Stock Transactions
SEC Form 4
Director Christine J. Toretti reports the vesting of restricted stock units and acquisition of common stock in S&T Bancorp.
Summary
- On May 13, 2025, Christine J. Toretti, a director of S&T Bancorp Inc, reported transactions involving the company's common stock.
- Toretti vested 1,573 restricted stock units, which automatically converted into an equal number of shares of common stock at a price of $38.76.
- Following these transactions, Toretti directly owns 10,643 shares of common stock.
- She also indirectly owns 273.343 shares through Christine J T/f Joseph Jack and 266.162 shares through Christine J T/f Maxwell Jack.
- Additionally, Toretti acquired 1,290 director restricted stock units that vest in 364 days from the date of issuance.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document does not contain specific forward-looking statements, but it does indicate ongoing equity-based compensation for the director.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.
Comparison to Industry Standards
- Director stock ownership and equity grants are standard practice in publicly traded companies like S&T Bancorp.
- Comparable companies such as Northwest Bancshares, Inc. and Fulton Financial Corporation also regularly report similar Form 4 filings for their directors and officers.
- The vesting schedules and terms of restricted stock units are generally aligned with industry norms for executive compensation.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding director stock ownership.
- The vesting of restricted stock units aligns director interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/13/2025 | Date of earliest transaction: Vesting of restricted stock units and acquisition of common stock. |
| 05/15/2025 | Date of signature for the report. |
Keywords
S&T Bancorp, Director, Stock Transactions, Restricted Stock Units, Common Stock, Beneficial Ownership
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