Nicholson Susan A 4
Research Summary
AI-generated summary
S&T Bancorp (STBA) Executive VP Susan Nicholson Receives Award
What Happened Susan A. Nicholson, Executive Vice President of S&T Bancorp, was granted 3,000 restricted stock units (RSUs) on June 1, 2026. The grant is reported as a derivative award (price reported $0.00 at grant). These RSUs represent a contingent right to receive shares of S&T Bancorp common stock upon vesting rather than an immediate purchase or sale of shares.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-03.
- Security: 3,000 restricted stock units (derivative), acquisition code A (award/grant).
- Price at grant: $0.00 (typical for RSU awards — they convert to shares when vested).
- Shares owned after transaction: not specified in the provided filing data.
- Footnotes: F1 confirms each RSU converts to one share; F2 indicates vesting for this grant begins June 1, 2027 and vests in three equal annual installments; F6 notes this was a special grant that vests equally over three successive anniversary dates. (Other footnotes in the filing describe alternate vesting start dates for other awards.)
- Timeliness: Filing was made two days after the grant date, consistent with Form 4 timing rules.
Context RSUs are a form of compensation rather than an immediate market purchase or sale. They do not represent immediately tradable shares — they convert into common stock only as they vest according to the stated schedule. Such awards are common for executive compensation and do not by themselves indicate that the insider is buying or selling stock in the open market.