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

Executive Vice President Susan Nicholson of S&T Bancorp Inc. reports the vesting and conversion of restricted stock units into common stock, along with the withholding of shares for tax liabilities.

Summary

• On April 1, 2025, Susan Nicholson, Executive Vice President of S&T Bancorp Inc., engaged in multiple transactions involving the company's common stock.
• These transactions included the vesting and conversion of restricted stock units (RSUs) into common stock.
• Nicholson acquired 2,845, 564, 637, and 684 shares of common stock through the vesting of RSUs at a price of $37.15 per share.
• Simultaneously, shares were withheld to cover tax liabilities associated with the vested RSUs, resulting in the disposal of 1,245, 247, 279, and 300 shares at $37.15 per share.
• Following these transactions, Nicholson directly owns 5,807 shares of S&T Bancorp Inc. common stock.
• The transactions also involved performance-based restricted stock units granted on April 1, 2022, under the Issuer's 2022 Long Term Incentive Plan, with the performance period from January 1, 2022, to December 31, 2024.
• The determination of achievement of the applicable performance criteria was obtained on March 25, 2025.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it reports routine stock transactions related to executive compensation. There are no indications of significant positive or negative events.

Positives

• The vesting of RSUs indicates that performance criteria were met, reflecting positively on Nicholson's performance and potentially the company's performance during the performance period.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, ensuring transparency and compliance with SEC regulations.
• The vesting of RSUs is a common form of executive compensation, aligning executive interests with company performance.
• Similar filings can be observed across the financial industry, including companies like JPMorgan Chase & Co., Bank of America, and Wells Fargo, where executives regularly report transactions in their company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard compensation practices for executives.
• Employees may view the vesting of RSUs as a positive sign, indicating that performance goals are being met.

Key Dates

Keywords

S&T Bancorp, Executive Vice President, Susan Nicholson, Stock Transactions, Restricted Stock Units, RSU Vesting, Common Stock, Form 4, Insider Trading