04/03/2025 | Press release | Distributed by Public on 04/03/2025 19:34
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (3) | (4) | (4) | Common Stock | 1,700 | 1,700 | D | ||||||||
Restricted Stock Units | (5) | 04/01/2025 | A | 1,686 | (6) | (6) | Common Stock | 1,686 | $ 0 | 1,686 | D | ||||
Restricted Stock Units | (5) | 04/01/2025 | M(1) | 1,686 | (6) | (6) | Common Stock | 1,686 | $ 0 | 0 | D | ||||
Restricted Stock Units | (3) | 04/01/2025 | M(1) | 335 | (7) | (7) | Common Stock | 335 | $ 0 | 0 | D | ||||
Restricted Stock Units | (3) | 04/01/2025 | M(1) | 698 | (8) | (8) | Common Stock | 698 | $ 0 | 721 | D | ||||
Restricted Stock Units(9) | (3) | 04/01/2025 | M(1) | 750 | (10) | (10) | Common Stock | 750 | $ 0 | 1,523 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Michie James Arvo 800 PHILADELPHIA STREET INDIANA, PA 15701 |
Executive Vice President |
/s/ Susan L. Rager-Parr, attorney-in-fact for James Arvo Michie | 04/03/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Upon vest, automatically converts into equal number of shares of common stock. |
(2) | Shares of common stock withheld for payment of tax liability for vested and converted RSU's. |
(3) | Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock. |
(4) | The Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date. |
(5) | Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted April 1, 2022, under the Issuer's 2022 Long Term Incentive Plan. The performance period for the restricted stock units was January 1, 2022, until December 31, 2024, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on March 25, 2025. |
(6) | The restricted performance units awarded on April 1, 2022 vesting on April 1, 2025. Vested shares will be delivered to the reporting person upon vesting. |
(7) | The restricted stock units vest in three equal annual installments beginning April 1, 2023. Vested shares will be delivered to the reporting person upon vesting. |
(8) | The restricted stock units vest in three equal annual installments beginning April 1, 2024. Vested shares will be delivered to the reporting person upon vesting. |
(9) | Correction to the name of the award. It is not a Director's award, but officer award. All other aspects of the award, including date of award, number of shares, and vesting remain unchanged. |
(10) | The restricted stock units vest in three equal annual installments beginning April 1, 2025. Vested shares will be delivered to the reporting person upon vesting. |