ANTOLIK DAVID G 4
Research Summary
AI-generated summary
S&T Bancorp (STBA) President David Antolik Receives RSU Awards
What Happened
David G. Antolik, President and director of S&T Bancorp, had restricted stock units vest on April 1, 2026 and those units converted/exercised into common shares. The filing shows conversions/acquisitions of 9,281 shares at a reported value of $42.28 per share (total ≈ $392,400). To cover withholding taxes on the vesting, 4,062 shares were withheld (disposed) at the same $42.28 per-share valuation (total ≈ $171,741), leaving a net delivery of roughly 5,219 shares to Mr. Antolik. The filing also records related award/derivative entries tied to performance- and time-based RSU grants.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
- Reported per-share valuation used: $42.28.
- Gross shares converted/acquired: 9,281 shares (≈ $392,400).
- Shares withheld for taxes: 4,062 shares (≈ $171,741).
- Net shares delivered to insider (approx): 5,219 shares.
- Relevant footnotes: F1 (automatic conversion on vest), F2 (shares withheld for tax liability), F3–F4 (performance-based RSUs awarded 4/1/2023 with performance determination dated 3/24/2026), plus other vesting schedule notes for different RSU grants.
- Transaction codes in filing: M = exercise/conversion of derivative; F = shares withheld for tax; A = grant/award.
- Shares owned after the transaction are not specified in the excerpt provided.
Context
This was not an open-market purchase or sale but the vesting/conversion of restricted stock units (derivative awards). Withholding shares to cover taxes is a routine cashless mechanism and does not by itself indicate a buy/sell view by the insider. The filing documents awards tied to prior grants (including performance-based RSUs) that vested following committee determination.