SEC Form 4 · accession 0001127602-16-047299
S&T BANCORP INC · STBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Kochvar
Officer — SR EXEC VICE PRESIDENT & CFO
Period of report
Mar 21, 2016
Accepted (ET)
Mar 23, 2016 · 4:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719220
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 21, 2016 | A | 4,469 | $25.65 | A | 26,047 | D | |
| Common Stock | holding | — | — | — | 22,064 | I | 401-k |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 21, 2016, the Compensation and Benefits Committee of the Registrant's board of directors approved the grant of restricted stock under the S&T Bancorp, Inc. 2014 Incentive Plan for an incentive under the 2016 S&T Bancorp, Inc. Long Term Incentive Plan. The actual number of shares granted and communicated to the Reporting Person was determined based on the target incentive payout as a percentage of the Reporting Person's base salary on the grant date divided by the average of the high and low prices of S&T Bancorp, Inc. common stock over the 10-day trading period ending on the grant date. One-half of the shares will be earned based on remaining with S&T for three years. The other half will be earned based on S&T's Return on Average Equity and Cumulative Total Shareholder Return performance over a three year period.