Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 70

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 70
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)” on page 43.) The CEO and NEOs who receive 300%, 200% or 100% of their salary and target annual bonus in a change in control will also be subject to twelve (12) month non-competition and non-solicitation covenants. Each agreement provides that if the executive’s employment is terminated without cause, or terminates for good reason, within the three or two years of a change in control, as applicable for that particular executive, he will also receive payments equal to the amount of money required to maintain health benefits under COBRA. These additional benefits will continue for three years for the CEO and the President, for two years for Messrs. Kochvar and Drahnak and Ms. Yesho and one year for an Executive Vice President. Each agreement provides that, in the event any benefit received by a NEO in connection with a change in control or in connection with the termination of the NEO’s employment whether pursuant to the agreement or any other plan, arrangement or agreement (collectively, the “Total Benefits”) would be subject to the excise tax imposed under Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”) (the golden parachute excise tax), then the Total Benefits will be reduced to the extent necessary so that no portion of the Total Benefits is subject to such excise tax. |

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

Executive Compensation The agreements specifically exclude public stock offerings by S&T and convertible debt offerings by S&T from the definition of “change in control.” During 2024, as described on page 42 of this Proxy Statement under the section “Double Trigger Change in Control Severance Protections,” S&T had double-trigger change in control severance agreements in effect with each of the NEOs. The following table provides the payments that each NEO would have received under his or her change in control agreement in the event of a without cause or good reason termination upon a change in control of S&T on December 31, 2024:

| Name                    |     | Multiple of Salary(1) |     |    |     | Lump Sum Payment 
 ($)              |     |           |     | Payment in       
 Lieu of Medical  
 Coverage ($) (2) |     |        |     | Total Value of 
 Payments       
 ($) (3)        |     |           |
| Christopher J. McComish |     |                       |     | 3X |     |                  |