4/A: S&T Bancorp Executive David Antolik Reports Stock Transactions Following RSU Vesting
SEC Form 4/A
David Antolik, President of S&T Bancorp, reports the acquisition and disposal of common stock and restricted stock units (RSUs) following the vesting of performance-based and time-based awards.
Summary
- On April 1, 2025, David Antolik, President of S&T Bancorp, reported transactions involving common stock and restricted stock units.
- These transactions include the acquisition of common stock upon the vesting of restricted stock units and the subsequent disposal of shares to cover tax liabilities.
- The report also details the vesting of performance-based restricted stock units granted on April 1, 2022, under the company's 2022 Long Term Incentive Plan.
- Antolik's holdings include both directly owned common stock and indirectly held shares through a 401k.
- The filing also includes a correction to a previous award description, clarifying that it was an officer award, not a director's award.
- A filing delay occurred due to software issues preventing the attachment of footnotes to awards.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. While there's a minor negative due to the filing delay, the overall sentiment is neutral as it reflects standard compensation practices.
Negatives
- A filing delay occurred due to software issues preventing the attachment of footnotes to awards.
Future Outlook
The restricted stock units vest in three equal annual installments beginning April 1, 2026. Vested shares will be delivered to the reporting person upon vesting.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are required by the SEC to ensure transparency and prevent insider trading. This filing provides insight into the compensation structure and equity ownership of S&T Bancorp's executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares in the market, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of grant for performance-based restricted stock units under the 2022 Long Term Incentive Plan. |
| 01/01/2022 | Start of the performance period for the restricted stock units. |
| 12/31/2024 | End of the performance period for the restricted stock units. |
| 03/25/2025 | Date the Issuer's Compensation Committee determined achievement of the applicable performance criteria. |
| 04/01/2025 | Date of the reported transactions, including acquisition and disposal of common stock and vesting of RSUs. |
| 04/03/2025 | Original filing date that was amended. |
| 04/04/2025 | Date of the amended filing (Form 4/A). |
Keywords
Form 4, S&T Bancorp, David Antolik, Stock Transactions, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Insider Trading
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