Form 4: S&T Bancorp Executive Vice President James Arvo Michie Reports Stock Transactions

James Arvo Michie, Executive Vice President of S&T Bancorp, reports the vesting of restricted stock units and subsequent transactions involving common stock.

Summary

• On June 14, 2024, James Arvo Michie, Executive Vice President of S&T Bancorp, reported transactions involving S&T Bancorp common stock.
• 1,650 shares of common stock were acquired upon the vesting of restricted stock units at a price of $30.06 per share.
• 722 shares were withheld for payment of tax liability related to the vesting of the restricted stock units, also at $30.06 per share.
• Following these transactions, Michie directly owns 2,659 shares of S&T Bancorp common stock.
• Michie also holds restricted stock units representing a contingent right to receive shares of S&T Bancorp common stock, vesting in installments through April 1, 2025, with some shares subject to a deferral election.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports routine stock transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of the executive's interests with the company's performance.

Future Outlook

The document does not contain specific forward-looking statements, but it outlines the vesting schedule for restricted stock units, indicating future share issuances to the reporting person.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors for insights into management's view of the company's prospects.

Stakeholder Impact

• Shareholders may be interested in these transactions as they provide insight into executive compensation and ownership.

Key Dates