S&T BANCORP INC·4

Apr 3, 3:14 PM ET

Yesho LaDawn D 4

Research Summary

AI-generated summary

Updated

S&T Bancorp (STBA) EVP Yesho LaDawn Exercises Options, Receives RSUs

What Happened

  • Yesho LaDawn, Executive Vice President of S&T Bancorp (STBA), reported multiple exercise/conversion and award transactions on April 1, 2026. She exercised/converted a total of 5,100 derivative units at $42.28 per share, with a gross value of about $215,628. The company withheld 2,232 shares to cover tax liabilities (disposals valued at about $94,369), leaving a net increase of 2,868 shares to her holdings.
  • The filing also shows awards/vesting of restricted stock units (including performance-based RSUs granted April 1, 2023), some of which vested based on performance determinations made March 24, 2026. Several entries are recorded at $0.00 reflecting conversion/vesting mechanics rather than cash purchases.

Key Details

  • Transaction date: April 1, 2026; filing date: April 3, 2026 (appears timely).
  • Prices/values reported: exercised/converted shares at $42.28 each; gross acquired value ≈ $215,628; shares withheld for tax ≈ $94,369.
  • Shares acquired (gross): 5,100; shares withheld/disposed for taxes: 2,232; net shares retained from these events: 2,868.
  • Relevant footnotes: tax withholding used company shares (F2); performance-based RSUs were awarded/vested after Compensation Committee determination (F7, F8); several RSU grants vest over multi-year schedules (F4–F6, F9).
  • Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax withholding; A = award/grant. The filing does not list total post-transaction ownership in this report.

Context

  • These transactions reflect vesting/conversion of restricted stock units and performance units (and related tax withholding), not open-market purchases or sales. Withholding shares to cover taxes is a routine administrative step (a cashless-like settlement) and does not necessarily indicate the insider is buying or selling shares for cash liquidity or market views.
  • For retail investors, note the key takeaway is that performance RSUs were confirmed/vested and converted into shares; the insider retained a net increase of shares after required tax withholding.