Polley Malcolm Emerson 4
4 · S&T BANCORP INC · Filed Apr 19, 2011
Insider Transaction Report
Form 4
S&T BANCORP INCSTBA
Polley Malcolm Emerson
EXECUTIVE VICE PRESIDENT
Transactions
- Award
Common Stock
2011-03-21$21.25/sh+2,072$44,020→ 3,812 total - Award
Common Stock
2011-03-21$22.21/sh+739$16,417→ 1,740 total
Holdings
- 99(indirect: By Spouse)
Common Stock
- 8,000
Stock Options (Right to Buy)
Exercise: $37.85From: 2007-01-01Exp: 2015-12-19→ Common Stock (8,000 underlying) - 2,124(indirect: 401 K)
Common Stock
Footnotes (2)
- [F1]On March 21, 2011, the Compensation and Benefits Committee of the Registrant's board of directors approved the grant of restricted stock under the S&T Bancorp, Inc. 2003 Incentive Stock Plan, contingent upon the achievement of an earnings per share target under the S&T Bancorp, Inc. Management Incentive Plan for 2010. The actual number of shares granted and communicated to the recipient was determined after actual earnings per share were determined for the Registrant and the Registrant's Form 10-K was accepted by the SEC on March 15, 2011. Shares will vest 100% on January 1, 2012, subject to the restrictions of Section 30.10 of 31 C.F.R. Part 30, an interim final regulation promulgated by the United States Department of Treasury governing executive compensation for recipients of financial assistance under the Troubled Assets Relief Program ("TARP").
- [F2]On March 21, 2011, the Compensation and Benefits Committee of the Registrant's board of directors approved the grant of restricted stock under the S&T Bancorp, Inc. Long Term Incentive Plan. The actual number of shares granted and communicated to the recipient was determined based on the target incentive payout, which is 20% of the Reporting Person's base salary on the grant date, divided by the average of the high and low prices of S&T Bancorp, Inc. common stock on the grant date. One half of the shares will vest 50% in two years and 50% in three years, so long as the reporting person remains employed by S&T Bancorp, Inc. The other half will be earned based on S&T's Return on Average Equity performance over a three year period. In addition, shares will vest, subject to the restrictions of Section 30.10 of 31 C.F.R. Part 30, an interim final regulation promulgated by the United States Department of Treasury governing executive compensation for recipients of financial assistance under the Troubled Assets Relief Program.