Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 58

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 58
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 38. |

| (2) | On April 1, 2024, the Compensation Committee granted restricted stock units to the NEOs at a grant price of $31.89, which was the closing price of S&T Common Stock on the grant date. The number of units granted to the NEOs was their target opportunity multiplied by their respective salaries and then divided by $30.9797, which was the average of the high and low prices of S&T Common Stock over the 9-day trading period ending on the grant date. The grants were in accordance with the 2024 LTIP, pursuant to the Compensation Committee’s authority under the 2021 Plan. For a more detailed description of the 2024 LTIP, see “Long-Term Incentive Plan Awards” in the “Compensation Discussion and Analysis” on page 40. These columns represent the performance based shares granted, which are earned based on S&T’s ROAE and TSR performance measured against the Performance Peer Banks over a three-year period, 2024 through 2026. The range of estimated payouts are denominated in the number of shares that may be earned under the performance award. |

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

Executive Compensation

| (3) | This column represents the time-based shares granted under the 2024 LTIP that will be earned based on remaining with S&T for three years. |

| (4) | This column presents the total grant date fair value of grant under the 2024 LTIP recognized for financial statement reporting purposes for the fiscal years ended December 31, 2024, in accordance with FASB ASC Topic 718 (disregarding any forfeiture assumptions). Assumptions used in the calculation of these amounts are included for 2024 in Note 21 to the audited financial statements for the fiscal year ended December 31, 2024, included in the Form 10-K for the year ended December 31, 2024. This grant date fair value is in the Summary Compensation Table for fiscal year 2024 in the Stock Awards column. |

Additional Narrative Information - Compensation Agreements As described earlier in this Proxy Statement, S&T entered into initial employment agreements with Messrs. McComish and Antolik in 2021 for their roles as CEO and President, respectively, for three-year terms. S&T has not entered into any employment agreements with its other NEOs. Mr. McComish’s employment agreement, which