Form 4: S&T Bancorp Director William J. Hieb Sells 11,000 Shares

Director William J. Hieb of S&T Bancorp Inc. sold 11,000 shares of common stock at a price of $31.05 on June 6, 2024.

Summary

• On June 6, 2024, William J. Hieb, a director of S&T Bancorp Inc., sold 11,000 shares of the company's common stock.
• The sale price was $31.05 per share.
• Following the transaction, Hieb directly owns 31,770.347 shares of S&T Bancorp Inc.
• Hieb also indirectly owns shares through a 401-k plan.
• Hieb also owns 1,573 Director Restricted Stock Units which vest in 364 days from date of issuance.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The sale could be for various personal reasons and doesn't necessarily reflect a negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, and those holding more than 10% of a company's shares) trade in their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.

Key Dates