Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 66

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 66
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/A |     |                               | $ |  61,400 |

| (1) | Messrs. Kochvar and Antolik were eligible to retire and receive 100.00% and 80.00%, respectively, of their benefit payable on January 1, 2025, as described in “The Retirement Plan” above. Mr. Drahnak was not eligible for early retirement as of December 31, 2024, and is presented at what his respective benefit would be upon retirement at age 65 if he had terminated employment on December 31, 2024. Ms. Yesho is not a participant in the Retirement Plan. Her lump sum amount shown reflects her nonqualified benefit payable from the S&T Bancorp, Inc. Retirement Make-Up Plan. Ms. Yesho was not eligible for early retirement as of December 31, 2024 and is presented at what her respective benefit would be upon retirement at age 65 if she had terminated employment on December 31, 2024. |

| (2) | The NEOs are married participants and must receive their benefit under the Supplemental Savings and Make-up Plan in the form of a 50% joint and survivor annuity with 120 monthly payments guaranteed unless their spouse consents to a different form of a payment. The annual benefits shown in this column are payable for the participant’s life with a minimum of 120 monthly payments guaranteed. After 120 monthly payments have been made, 50% of the amount shown continues for the spouse’s life following the participant’s death. If the NEO became deceased prior to retiring, the NEO’s surviving spouse would receive the amount shown for ten years commencing as of the date shown, reducing to 50% of the amount shown after ten years and continuing for the remainder of his or her lifetime. |

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

Executive Compensation

| (3) | The NEO receives a lump sum payment upon retirement or termination as described above in the “Nonqualified Plan.” The lump sum payment is determined as the present value of a ten-year certain and life annuity based on an interest rate of 8.0% and a mortality table specified by the terms of the plan, and is deposited into the NEO’s Nonqualified Plan deferred compensation account. Currently, the NEOs have elected to receive a lump sum distribution under the Supplemental Savings and Make-up Plan at age 70, but may change their elections to an earlier date, for