4/A: S&T Bancorp Executive Vice President LaDawn D. Yesho Reports Changes in Beneficial Ownership
SEC Form 4/A
Executive Vice President LaDawn D. Yesho reports transactions involving S&T Bancorp stock, including the vesting and conversion of restricted stock units and associated tax withholdings.
Summary
- LaDawn D. Yesho, an Executive Vice President at S&T Bancorp, filed a Form 4/A with the SEC to report changes in beneficial ownership of the company's stock.
- The reported transactions occurred on April 1, 2025, and involve the vesting and conversion of restricted stock units (RSUs) into common stock.
- A total of 5,741 RSUs vested and converted into common stock at a price of $37.15 per share.
- Shares of common stock were withheld to cover tax liabilities associated with the vested RSUs.
- Yesho's direct holdings of common stock increased due to the RSU conversions, while her indirect holdings through a 401K also remain.
- The filing also includes a correction to a previous award, clarifying that it was an officer award and not a director's award.
Sentiment
Score: 5
Explanation: This filing is a routine disclosure of insider transactions and doesn't inherently indicate positive or negative sentiment. It's a factual report of stock ownership changes.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence and regulatory compliance.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) as a way to align management's interests with those of shareholders.
- Vesting schedules and performance criteria for RSUs vary across companies and industries.
- Tax withholding practices related to RSU vesting are also standard and consistent with IRS regulations.
- Comparing Yesho's compensation structure with peers in similar-sized regional banks would provide a more detailed assessment of its competitiveness.
Stakeholder Impact
- Shareholders gain transparency into executive compensation and stock ownership.
- Employees may be impacted by changes in executive compensation policies.
- The company maintains compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of performance-based restricted stock units grant under the Issuer's 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 RSU vesting and conversion. |
| 04/03/2025 | Original filing date of the form. |
| 04/04/2025 | Date of the amended filing (Form 4/A). |
Keywords
Form 4, Beneficial Ownership, S&T Bancorp, STBA, Restricted Stock Units, RSU, Executive Compensation, Insider Trading, SEC Filing
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