Form 4: S&T Bancorp Executive Vice President Susan A. Nicholson Reports Stock Award
SEC Form 4 Filing
Susan A. Nicholson, Executive Vice President of S&T Bancorp, reports the acquisition of 3,000 restricted stock units.
Summary
- On July 29, 2024, Susan A. Nicholson, Executive Vice President of S&T Bancorp Inc., reported a transaction involving restricted stock units.
- Nicholson acquired 3,000 restricted stock units at a price of $44.32.
- These units vest in three equal annual installments beginning on the anniversary dates of the grant date.
- Nicholson directly owns 3,148 shares of common stock following the reported transaction.
- She also holds various other restricted stock units that vest at different dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of restricted stock units by an executive could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedules of the restricted stock units extend into the future.
Industry Context
This filing is a routine disclosure related to executive compensation and is common in the banking industry.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of the transaction involving the acquisition of restricted stock units. |
| 04/01/2023 | Start date for vesting of 564 restricted stock units in three equal annual installments. |
| 04/01/2024 | Start date for vesting of 1,294 restricted stock units in three equal annual installments. |
| 04/01/2025 | Start date for vesting of 2,073 restricted stock units in three equal annual installments. |
| 07/31/2024 | Date of the form filing. |
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