Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 54

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 54
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 executives, including the NEOs. Executives are responsible for reporting the amount of personal use of company cars to S&T, so that the taxable income from such use can be reported in the executives’ compensation. Executives who do not have a company car may receive an annual car allowance of up to $6,000, depending upon the frequency that the executive drives. The car allowance is fully taxable compensation. In his employment agreement, our CEO Mr. McComish received up to a $25,000 annual car allowance, which the Compensation Committee ultimately approved to be as a company car.

Lastly, S&T pays for certain members of senior management to belong to one or more private clubs if the member of management has significant customer contact and involvement in the community. S&T considers a social or country club to be an appropriate venue to entertain customers and to participate in various community functions. Expenses of a personal nature or related to a spouse are not paid by S&T.

Double Trigger Change in Control Severance Protections

S&T enters into change in control agreements with selected officers in senior management, including all the NEOs to help ensure that S&T’s leadership team remains engaged and focused should the organization ever become the target of a change in control where their jobs or ongoing compensation could be at risk. The primary terms and compensation payments contemplated by the agreements also include robust non-competition and non-solicitation provisions, one or both of which must be agreed to by the executive to receive the benefits provided.

The Compensation Committee believes that the change in control agreements provide reasonable protection to the individual members on the senior management team and thereby align senior management’s interest with the interest of S&T’s shareholders.

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

Compensation Discussion and Analysis OTHER COMPENSATION-RELATED PROVISIONS Mitigation in Plan Design Risk The Compensation Committee considers, in establishing and reviewing the executive compensation program, whether the program encourages any unnecessary or excessive risk taking and concludes:**

| • |     | S&T’s compensation plans do not encourage executives to take unnecessary and excessive risks that could threaten the value of S&T; |

| • |     | The compensation plans are structured so that their potential for generating unacceptable risk that could materially affect the value of S&T is limited; and |

| • |     | The compensation plans are not structured to create substantial opportunities to benefit due to material manipulation of financial results. |

In addition, at least annually, the Compensation Committee discusses, evaluates and reviews with S&T’s CRO