Form 4: S&T Bancorp Director Exercises Restricted Stock Units

Frank J. Palermo Jr., a director of S&T Bancorp, Inc., converted 1,573 restricted stock units into common stock on May 13, 2025.

Summary

• On May 13, 2025, Frank J. Palermo Jr., a director of S&T Bancorp, Inc., executed a transaction involving restricted stock units.
• He converted 1,573 restricted stock units into an equal number of shares of common stock at a price of $38.76.
• Following the transaction, Palermo directly owns 24,716.443 shares of common stock and indirectly owns 103 shares through a spousal Transfer on Death (TOD) account.
• The restricted stock units vested in 364 days from the date of issuance, with vested shares delivered to the reporting person upon vesting.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a director exercising previously granted compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the conversion of existing equity-based compensation into common stock.

Key Dates

Keywords

S&T Bancorp, STBA, Form 4, Director, Insider Trading, Restricted Stock Units, Common Stock, Beneficial Ownership