Form 4: S&T Bancorp Director William Hieb Reports Stock Transactions

Director William Hieb reports the vesting of restricted stock units and acquisition of common stock in S&T Bancorp.

Summary

• William J. Hieb, a director of S&T Bancorp Inc., reported transactions involving the company's stock on May 14, 2024.
• He acquired 1,905 shares of common stock upon the vesting of restricted stock units at a price of $31.80.
• He also received 1,573 restricted stock units that will vest in 364 days from the date of issuance.
• Following these transactions, Hieb directly owns 42,770.347 shares of S&T Bancorp common stock and indirectly owns shares through a 401-k.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports routine stock transactions by a company director. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The acquisition of shares through vesting of restricted stock units demonstrates the director's continued investment in the company.

Future Outlook

The director will receive vested shares from the newly granted restricted stock units in 364 days from the date of issuance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they provide insight into the director's holdings and investment activity.

Key Dates