Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 47

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 47
---
 |  355,000 |     |            |     | 1.4% |
| LaDawn D. Yesho         |     |             |     |  340,000 |     |             |     |  353,000 |     |            |     | 3.8% |

Management Incentive Plan Awards For 2024, we adopted the 2024 MIP, an annual cash incentive award with a target equal to a set percentage of base salary for each of our NEOs. The following formula is used to determine MIP award payouts: To further strengthen the linkage between the MIP award, risk management, and shareholder value creation, the MIP contains a “Shareholder Protection Feature” in which payouts will not occur for any plan year if S&T falls below “well capitalized” capital ratio requirements established by regulatory authorities, determined as of and up to the date that any payment would ordinarily occur pursuant to the MIP’s provisions. In addition to the Shareholder Protection Feature of the MIP, the MIP is operational only if S&T achieves Return on Average Equity (“ROAE”) for the plan year of at least 5% (the “Minimum Gateway Requirement”). The Compensation Committee believes that these features, coupled with the claw-back requirements and the use of multiple performance measures, provide for substantial protection against excessive or unnecessary risk-taking by any plan participant. Target Bonus Percentages The following table shows the target percentage of base salary. The Compensation Committee, considering Aon’s advice, continued to omit the individual performance component and set S&T’s corporate performance factor as the only performance component of the 2024 MIP for the NEOs and other Section 16 officers. We believe that the 2024 MIP’s targets are consistent with our philosophy of providing our NEOs the opportunity for reasonable annual incentives and designing a larger portion of compensation as “at-risk”to reflect their roles within our organization. We also believe the corporate performance factor appropriately recognizes the importance of S&T achieving key financial performance goals.

| Named Executive Officer                                                           |     | MIP Target % of Base Salary |     |     |
| Christopher J. McComish, Chief Executive Officer                                  |     |                             |     | 67% |
| Mark Kochvar, Senior Executive Vice President and Chief Financial Officer         |     |                             |     | 50% |
| David G. Antolik, President                                                       |     |                             |     | 50% |
| Stephen A. Drahnak,