Form 4: S&T Bancorp Director Peter G. Gurt Reports Stock Transaction
SEC Form 4 Filing
Director Peter G. Gurt of S&T Bancorp Inc. reports the acquisition and disposal of common stock, along with holdings of restricted stock units.
Summary
- On February 25, 2025, Peter G. Gurt, a director of S&T Bancorp Inc. (STBA), reported a transaction involving the company's common stock.
- Gurt acquired 125 shares of common stock at a price of $39.705 per share.
- Gurt also disposed of 125 shares of common stock.
- Following the reported transaction, Gurt directly owns 957 restricted stock units, each representing a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- These restricted stock units vest on May 13, 2025, and vested shares will be delivered to Gurt upon vesting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The restricted stock units vest on May 13, 2025, at which point the vested shares will be delivered to the reporting person.
Industry Context
This is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of stock transaction (acquisition and disposal of common stock). |
| 02/26/2025 | Date of signature for the Form 4 filing. |
| 05/13/2025 | Vesting date for restricted stock units. |
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