Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 44

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 44
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 Bancorp, Inc.| 2025 Proxy Statement

Compensation Discussion and Analysis

**SAY ON PAY AND SHAREHOLDER ENGAGEMENT

S&T is required to provide a separate non-binding shareholder advisory vote on the compensation of S&T’s NEOs. At the 2024 annual meeting of shareholders, the holders of 26,128,706 shares of Common Stock, or 95% of the shares voting on the proposal, voted to approve the non-binding, advisory proposal on the compensation of S&T’s executive officers.

The Compensation Committee believes the results of this vote demonstrate the strong support for S&T’s executive compensation policies and practices among shareholders. The Compensation Committee expects to continue to adhere to the compensation policies, principles and programs described below in future years and will continue to consider these non-binding advisory results on our compensation programs, among other factors.**

S&T Bancorp, Inc.|2025 Proxy Statement| 33

Compensation Discussion and Analysis OVERVIEW OF THE COMPENSATION PROGRAM, POLICIES AND PROCESS Executive Compensation Philosophy and Practices S&T designs its management compensation programs and policies to optimize their alignment with S&T’s strategic direction and business environment within which it must create value for shareholders and focus on pay for performance. Listed below are some of S&T’s primary program objectives, practices, and policies.

| WHAT WE DO |     |                                                                                                                                                                                                                                                                                                                                          |     | WHAT WE DON’T DO                                                                                                                                                                                                                                                                                                                                                                                                          |
| ☑          |     | Align our compensation program with shareholder interests.                                                                                                                                                                                                                                                                               |     | ☒    Provide tax gross-ups to any of our NEOs.   ☒    Provide excessive perquisites or personal benefits to our NEOs.   ☒    Allow repricing, backdating, or discounting of stock options.   ☒    Provide for prepayment of dividends on unearned restricted shares.   ☒    Provide single trigger vesting of equity-based awards upon a change in control.   ☒    Allow pledging or hedging of Common Stock by our NEOs. |
| ☑          |     | Emphasize adherence to strong pay for performance principles to appropriately balance risk and reward and reinforce engagement among the leadership team and S&T key contributors.                                                                                                                                                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                           |
| ☑          |     | Structure our compensation program to effectively