Form 4: S&T Bancorp Director Frank J. Palermo Jr. Reports Share Transactions

Director Frank J. Palermo Jr. of S&T Bancorp Inc. reports acquiring and disposing of shares, including through dividend reinvestment and transfers from IRA accounts.

Summary

• Frank J. Palermo Jr., a director at S&T Bancorp Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 13, 2024, Mr. Palermo acquired 60.243 shares of common stock at $43.21 per share through a dividend reinvestment plan in his IRA.
• He also acquired 46.381 shares at the same price through a dividend reinvestment plan in his spouse's IRA.
• Mr. Palermo disposed of 3,323.547 shares from his IRA and 1,658.037 shares from his spouse's IRA, both at $43.21 per share.
• He also directly owns 23,143.443 shares of common stock and 103 shares in a spouse's Transfer on Death (TOD) account.
• Additionally, Mr. Palermo holds 1,573 restricted stock units, which will vest in 364 days from the date of issuance.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment. It is a routine regulatory filing.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies in the United States.
• The transactions reported are typical for directors who may participate in dividend reinvestment plans and have stock-based compensation.
• The reporting requirements are consistent with SEC regulations for insider trading disclosures.

Stakeholder Impact

• The transactions reported in the Form 4 provide transparency to shareholders regarding the trading activities of a company director.
• The transactions are not expected to have a significant impact on the company's operations or financial performance.

Key Dates

Keywords

S&T Bancorp, Frank J. Palermo Jr., Form 4, insider trading, stock transactions, dividend reinvestment, restricted stock units, beneficial ownership