Lazzari Melanie A 4
4 · S&T BANCORP INC · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
S&T Bancorp (STBA) EVP Melanie Lazzari Exercises Awards, Net +2,095 Shares
What Happened
- Melanie A. Lazzari, Executive Vice President of S&T Bancorp, had multiple restricted stock units (including performance-based units) vest and/or be converted on April 1, 2026. Gross conversions/exercises totaled 3,728 shares at an implied price of $42.28 (value $157,619). To cover tax liabilities, 1,633 shares were withheld (disposed) worth $69,043, leaving a net increase of 2,095 shares to Ms. Lazzari (net value ≈ $88,576).
- Transactions recorded include awards/grants (A), exercises/conversions of derivatives (M), and shares withheld for tax payment (F). Many of the awards were $0-priced RSUs that converted into common stock upon vesting.
Key Details
- Transaction date: April 1, 2026; Form filed April 3, 2026 (generally timely).
- Breakdown:
- Gross acquired via exercise/conversion: 3,728 shares @ $42.28 = $157,619.
- Shares withheld for taxes (disposed): 1,633 shares @ $42.28 = $69,043.
- Net shares retained: 2,095 shares; net value ≈ $88,576.
- Notable footnotes:
- Some units were performance-based RSUs granted April 1, 2023; performance period Jan 1, 2023–Dec 31, 2025 with the Committee’s determination made March 24, 2026 (F3).
- Vesting and conversion mechanics: units automatically convert into common stock on vest (F1); shares withheld to pay tax liabilities (F2).
- Shares owned after the transaction are not specified in the excerpt provided; see the full Form 4 for post-transaction beneficial ownership.
Context
- These transactions are routine compensation events (vesting/conversion of RSUs and performance units) rather than open-market purchases or discretionary sales. The withholding of shares to satisfy tax obligations (code F) is common and should not be interpreted as a market sale by the insider.
- Codes used: M = exercise/conversion of derivative, A = award/grant, F = payment of tax liability (share-withholding).
Insider Transaction Report
Form 4
S&T BANCORP INCSTBA
Lazzari Melanie A
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-01$42.28/sh+476$20,125→ 13,844.202 total - Tax Payment
Common Stock
[F2]2026-04-01$42.28/sh−209$8,837→ 13,635.202 total - Exercise/Conversion
Common Stock
[F1]2026-04-01$42.28/sh+2,180$92,170→ 15,815.202 total - Tax Payment
Common Stock
[F2]2026-04-01$42.28/sh−954$40,335→ 14,861.202 total - Exercise/Conversion
Common Stock
[F1]2026-04-01$42.28/sh+523$22,112→ 15,384.202 total - Tax Payment
Common Stock
[F2]2026-04-01$42.28/sh−229$9,682→ 15,155.202 total - Exercise/Conversion
Common Stock
[F1]2026-04-01$42.28/sh+549$23,212→ 15,704.202 total - Tax Payment
Common Stock
[F2]2026-04-01$42.28/sh−241$10,189→ 15,463.202 total - Award
Restricted Stock Units
[F3][F4]2026-04-01+2,180→ 2,180 total→ Common Stock (2,180 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-04-01−2,180→ 0 total→ Common Stock (2,180 underlying) - Award
Restricted Stock Units
[F5][F6]2026-04-01+1,390→ 1,390 total→ Common Stock (1,390 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F7]2026-04-01−523→ 0 total→ Common Stock (523 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F8]2026-04-01−549→ 568 total→ Common Stock (549 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F9]2026-04-01−476→ 968 total→ Common Stock (476 underlying)
Holdings
- 8,041.149(indirect: By 401(k))
Common Stock
- 9(indirect: By Spouse)
Common Stock
Footnotes (9)
- [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 restricted stock units.
- [F3]Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted April 1, 2023, under the Issuer's 2023 Long Term Incentive Plan. The performance period for the restricted stock units was January 1, 2023, until December 31, 2025, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on March 24, 2026.
- [F4]The restricted performance units awarded on April 1, 2023 vesting on April 1, 2026. Vested shares will be delivered to the reporting person upon vesting.
- [F5]Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- [F6]The restricted stock units vest in three equal annual installments beginning April 1, 2027. Vested shares will be delivered to the reporting person upon vesting.
- [F7]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.
- [F8]The restricted stock units vest in three equal annual installments beginning April 1, 2025. Vested shares will be delivered to the reporting person upon vesting.
- [F9]The restricted stock units vest in three equal annual installments beginning April 1, 2026. Vested shares will be delivered to the reporting person upon vesting.
Signature
/s/ Jackie Kennane, attorney-in-fact for Melanie Lazzari|2026-04-03