Form 4: S&T Bancorp Director Lewis W. Adkins, Jr. Reports Stock Transactions

Director Lewis W. Adkins, Jr. of S&T Bancorp Inc. reports acquisition and disposal of common stock and restricted stock units.

Summary

• On May 14, 2024, Lewis W. Adkins, Jr., a director of S&T Bancorp Inc., reported transactions involving the company's stock.
• Adkins acquired 1,905 shares of common stock upon the vesting of restricted stock units, with a price of $31.8.
• Simultaneously, Adkins disposed of 9,132 shares of common stock.
• Adkins also acquired 1,573 director restricted stock units, which vest in 364 days from the date of issuance.
• Following these transactions, Adkins directly owns 1,573 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions and potential alignment with shareholder interests.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding the director's view on the company's stock value.

Key Dates