STBA.NASDAQS&T Bancorp INC

Form 4: S&T Bancorp Executive Vice President Susan A. Nicholson Reports Stock Award

Sentiment:

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

DateDescription
07/29/2024Date of the transaction involving the acquisition of restricted stock units.
04/01/2023Start date for vesting of 564 restricted stock units in three equal annual installments.
04/01/2024Start date for vesting of 1,294 restricted stock units in three equal annual installments.
04/01/2025Start date for vesting of 2,073 restricted stock units in three equal annual installments.
07/31/2024Date of the form filing.

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