Rachel Lynn Smydo - 23 Sep 2023 Form 4 Insider Report for S&T BANCORP INC (STBA)

Signature
/s/ Susan L. Rager-Parr, attorney-in-fact for Rachel Lynn Smydo
Issuer symbol
STBA
Transactions as of
23 Sep 2023
Net transactions value
+$46,508
Form type
4
Filing time
26 Sep 2023, 18:34:08 UTC
Previous filing
04 Apr 2023
Next filing
03 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STBA Common Stock Options Exercise $65,290 +2,475 +1130% $26.38 2,694 23 Sep 2023 Direct F1
transaction STBA Common Stock Tax liability $18,783 -712 -26% $26.38 1,982 23 Sep 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STBA Restricted Stock Units Options Exercise $0 -2,475 -33% $0.000000 5,025 23 Sep 2023 Common Stock 2,475 Direct F1, F3, F4
holding STBA Restricted Stock Units 628 23 Sep 2023 Common Stock 628 Direct F3, F5
holding STBA Restricted Stock Units 1,950 23 Sep 2023 Common Stock 1,950 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vest, automatically converts into equal number of shares of common stock.
F2 Shares of common stock withheld for payment of tax liability for vested and converted RSU's.
F3 Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
F4 The Registrant awarded a special grant to the executive officer that will vest equally over the three successive anniversary dates of the grant date.
F5 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.
F6 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.