Form 4: S&T Bancorp Director Frank J. Palermo Jr. Acquires Shares

Frank J. Palermo Jr., a director of S&T Bancorp, acquired 35 shares of common stock at $31.22 per share on May 29, 2024.

Summary

• On May 29, 2024, Frank J. Palermo Jr., a director of S&T Bancorp Inc., purchased 35 shares of common stock at a price of $31.22 per share.
• Following this transaction, Palermo directly owns 23,143.443 shares of S&T Bancorp common stock.
• Palermo also indirectly owns 3,263.304 shares through an IRA, 1,611.656 shares through a Spouse IRA, and 103 shares through a Spouse TOD.
• Additionally, Palermo holds 1,573 Director Restricted Stock Units, which vest in 364 days from the issuance date and represent a contingent right to receive one share of S&T Bancorp, Inc. common stock each.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director's share purchase, which can be seen as a slightly positive signal, but it's not a major event.

Positives

• The director's purchase of shares could be interpreted as a sign of confidence in the company's future prospects.

Future Outlook

The restricted stock units vest in 364 days from the date of issuance, indicating a future delivery of shares to the reporting person upon vesting.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The transaction provides shareholders with insight into the director's investment activity.

Key Dates