Nicholson Susan A 4
4 · S&T BANCORP INC · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
S&T Bancorp EVP Susan Nicholson Exercises/Converts RSUs, Receives Shares
What Happened
- Susan A. Nicholson, Executive Vice President of S&T Bancorp (STBA), had restricted stock units and performance-based units vest/convert on April 1, 2026. The filing shows 4,659 shares were converted/exercised at an implied value of $42.28 per share (gross value $196,983).
- To satisfy tax withholding obligations, 2,040 of those shares were withheld/disposed (value $86,252), leaving a net delivery of approximately 2,619 shares to Nicholson.
- The filing also shows awards/grants of restricted stock units (including 2,743 performance-based units that vested and 1,658 RSUs granted) that vest according to the schedules noted in the footnotes.
Key Details
- Transaction date: April 1, 2026; Filing date: April 3, 2026 (filed within the Form 4 reporting window).
- Prices/values shown: conversion/exercise price $42.28; gross shares converted 4,659 (4,659 × $42.28 = $196,983); shares withheld for tax 2,040 (2,040 × $42.28 = $86,252); net shares delivered ≈ 2,619.
- Transaction codes: M = exercise/conversion of derivative (RSUs/performance units); F = shares withheld/disposed to pay tax liability; A = grant/award of RSUs.
- Notable footnotes: performance-based units granted 4/1/2023 were earned for the 2023–2025 performance period and vested/converted on 4/1/2026 (determination made 3/24/2026). Several RSU awards have multi-year vesting schedules.
- Shares owned after the transactions are not specified in the provided excerpt of the filing.
Context
- This was not an open-market purchase or sale: these entries reflect vesting/conversion of restricted stock/performance units with a portion of shares withheld to cover taxes (a common, non-bull/bear routine for employee equity compensation).
- For retail investors, such conversions show executive compensation being realized but do not necessarily indicate intent to buy or sell additional shares on the market.
Insider Transaction Report
Form 4
S&T BANCORP INCSTBA
Nicholson Susan A
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-01$42.28/sh+657$27,778→ 7,020 total - Tax Payment
Common Stock
[F2]2026-04-01$42.28/sh−288$12,177→ 6,732 total - Exercise/Conversion
Common Stock
[F1]2026-04-01$42.28/sh+684$28,920→ 7,416 total - Tax Payment
Common Stock
[F2]2026-04-01$42.28/sh−300$12,684→ 7,116 total - Exercise/Conversion
Common Stock
[F1]2026-04-01$42.28/sh+575$24,311→ 7,691 total - Tax Payment
Common Stock
[F2]2026-04-01$42.28/sh−252$10,655→ 7,439 total - Exercise/Conversion
Common Stock
[F1]2026-04-01$42.28/sh+2,743$115,974→ 10,182 total - Tax Payment
Common Stock
[F2]2026-04-01$42.28/sh−1,200$50,736→ 8,982 total - Exercise/Conversion
Restricted Stock Units
[F3][F1][F4]2026-04-01−657→ 0 total→ Common Stock (657 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F1][F5]2026-04-01−684→ 705 total→ Common Stock (684 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F1][F6]2026-04-01−575→ 1,169 total→ Common Stock (575 underlying) - Award
Restricted Stock Units
[F7][F8]2026-04-01+2,743→ 2,743 total→ Common Stock (2,743 underlying) - Exercise/Conversion
Restricted Stock Units
[F7][F1][F8]2026-04-01−2,743→ 0 total→ Common Stock (2,743 underlying) - Award
Restricted Stock Units
[F3][F9]2026-04-01+1,658→ 1,658 total→ Common Stock (1,658 underlying)
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]Each restricted stock unit represents a contingent right to receive one share of S&T Bancorp, Inc. common stock.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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.
Signature
/s/ Jackie Kennane, attorney-in-fact for Susan A. Nicholson|2026-04-03