Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 53

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 53
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| Threshold or Below                                               |     | 25th percentile                                    |     |                                        |     | -30 | % |
| Target                                                           |     | 50th percentile                                    |     |                                        |     |   0 | % |
| Maximum                                                          |     | 75th percentile                                    |     |                                        |     | +30 | % |

**S&T Bancorp, Inc.| 2025 Proxy Statement | 41

Compensation Discussion and Analysis

The Modifier will vary depending on Actual Performance, and the payout curve rises continuously from Threshold to Target and from Target to Maximum. Therefore, to determine awards between Threshold and Target and Target and Maximum, linear interpolation would be utilized.

Vesting of 2021 Long-Term Incentive Plan Awards

The performance-based shares granted on April 1, 2021 vested on April 1, 2024 at 73%. S&T met the required threshold for 3 Year ROAE at the 56th percentile for a payout of 43%. The 3-Year TSR modifier was at the 83 percentile which met the requirements to achieve 30% added to the ROAE result. The Committee approved the vesting of the time-based awards based on S&T meeting the Shareholder Protection Feature.

Certain Other Benefits

S&T provides certain other benefits to the NEOs that are appropriately limited in scope and value. The primary benefits for the NEOs are a broad-based defined contribution retirement plan and welfare benefit plan, a nonqualified deferred compensation plan, and a defined benefit program. The Thrift Plan for Employees of S&T Bank (the “Thrift Plan”) is a broad-based qualified defined contribution plan. All employees may participate in the Thrift Plan with elective salary deferrals, or 401(k) contributions. During 2024, S&T made matching contributions equal to 100% of the first 1% of the employees’ eligible compensation and 50% of the next 5% of the employees’ eligible compensation, up to a maximum of 3.5% of all employees’ eligible compensation. More information regarding the other retirement benefits can be found beginning on page 49. The S&T Bank Welfare Benefit Plan is generally provided to all officers and full-time employees and includes provisions for medical reimbursement, dental coverage, vision care coverage, long-term disability income, a flexible spending account, a health savings account, and life insurance.

Because S&T’s executives frequently drive vehicles on company business, S&T may provide either a company car or a car allowance to