Form 4: S&T Bancorp Director Steven Weingarten Reports Stock Transactions
SEC Form 4 Filing
Director Steven Jay Weingarten reports the vesting and conversion of restricted stock units into S&T Bancorp common stock.
Summary
- Steven Jay Weingarten, a director of S&T Bancorp Inc, reported transactions involving restricted stock units.
- On May 14, 2024, 1,905 restricted stock units vested and converted into common stock at a price of $31.80.
- An additional 1,832 restricted stock units also vested and converted into common stock at a price of $31.80 on the same day.
- Following these transactions, Weingarten directly owns 90,506 shares of S&T Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/16/2023 | Date of issuance for 1,905 restricted stock units that vest in 364 days. |
| 05/14/2024 | Date of transaction: 1,905 and 1,832 restricted stock units vested and converted into common stock. |
| 05/15/2024 | Date of signature for the Form 4 filing. |
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