Barsz Peter Richard 4
Research Summary
AI-generated summary
S&T Bancorp (STBA) Director Peter Barsz Receives RSU Award
What Happened
Peter Richard Barsz, a director of S&T Bancorp, Inc. (STBA), received a grant of 1,136 restricted stock units (RSUs) reported on a Form 4 covering the 2026-05-12 award. The transaction is reported as an award/acquisition (code A) of a derivative security at an acquisition price of $0.00 (no cash paid at grant).
Key Details
- Transaction date: 2026-05-12; Form 4 filed: 2026-05-14.
- Grant: 1,136 RSUs reported as derivative securities, acquisition price $0.00.
- Shares owned after the transaction: not specified in the provided filing summary.
- Footnotes: F1–F4 state each RSU converts to one share upon vesting; RSUs vest in 364 days from issuance (one note specifies 364 days from 05/16/2023), vested shares delivered upon vesting, and vested shares may be deferred until separation, a pre-selected date, or certain events per the reporting person's deferral election.
- Filing timeliness: filed two days after the transaction date (no late filing flag indicated).
Context
These RSUs are a derivative award (a contingent right to receive shares upon vesting), not an open-market purchase or sale. Such awards are typically part of compensation or board-retainer programs; they do not represent immediate buying or selling of shares and will convert to common stock only if and when the units vest and any deferral conditions are satisfied.