Form 4: S&T Bancorp Executive Vice President Reports Routine Stock Transactions

James Arvo Michie, Executive Vice President of S&T Bancorp Inc., reported the vesting of restricted stock units and subsequent share transactions, including tax-related dispositions, on June 14, 2025.

Summary

• James Arvo Michie, Executive Vice President of S&T Bancorp Inc. (STBA), reported changes in his beneficial ownership of common stock.
• On June 14, 2025, 1,700 shares of common stock were acquired through the vesting and automatic conversion of restricted stock units (RSUs) at a price of $36.46 per share.
• Concurrently, 489 shares of common stock were disposed of at $36.46 per share to cover tax liabilities associated with the vested RSUs.
• Following these transactions, Mr. Michie directly beneficially owns 6,156 shares of S&T Bancorp Inc. common stock.
• Mr. Michie also holds various tranches of unvested Restricted Stock Units, including 721 units vesting in three equal annual installments beginning April 1, 2024; 1,942 units vesting in three equal annual installments beginning April 1, 2026; and 1,523 units vesting in three equal annual installments beginning April 1, 2025.
• A correction was noted regarding 1,523 Restricted Stock Units, clarifying they are an officer award, not a Director's award, with all other terms remaining unchanged.

Sentiment

Score: 6

Explanation: The document reports routine, pre-scheduled insider transactions related to executive compensation. There are no unexpected positive or negative financial implications for the company, making the sentiment neutral to slightly positive due to the executive's continued equity holdings.

Positives

• The vesting of 1,700 Restricted Stock Units represents earned compensation for the Executive Vice President.
• The net increase in direct beneficial ownership of 1,211 shares (1,700 acquired minus 489 disposed for tax) demonstrates continued alignment of executive interests with shareholders.

Negatives

• 489 shares of common stock were withheld to cover tax liabilities, reducing the total number of shares directly received by the executive from the RSU vesting.

Future Outlook

The document indicates future vesting events for various tranches of Restricted Stock Units held by the Executive Vice President, with vesting schedules extending to April 1, 2026, and beyond for some awards.

Management Comments

• The Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date.

Industry Context

This filing reflects a routine executive compensation event common in the banking and financial services industry, where Restricted Stock Units are a standard component of long-term incentive plans designed to align executive interests with shareholder value creation.

Stakeholder Impact

• Shareholders: The report indicates a routine compensation event for an executive, which is part of the company's established compensation structure. The executive's continued equity holdings align their interests with shareholders.
• Employees: This filing pertains to executive compensation and does not directly impact the broader employee base.

Next Steps

• Future vesting of 721 Restricted Stock Units in equal annual installments beginning April 1, 2024.
• Future vesting of 1,942 Restricted Stock Units in equal annual installments beginning April 1, 2026.
• Future vesting of 1,523 Restricted Stock Units in equal annual installments beginning April 1, 2025.

Key Dates

Keywords

S&T Bancorp, STBA, James Arvo Michie, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Common Stock, Beneficial Ownership