Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 24

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 24
---
 relied on the evaluation and recommendations made by the Nominating Committee.

Board Structure; Board and Committee Meetings

There are currently 12 directors comprising the Board. However, effective immediately following the Annual Meeting the board will be comprised of 11 directors because the Board decided not to nominate Frank J. Palermo, Jr. for this year’s Annual Meeting, in accordance with S&T’s mandatory retirement policy. Mr. Palermo will serve out the remainder of his term until it expires effective immediately following the Annual Meeting.

The Board currently has established six standing committees: Audit, Compensation and Benefits, Credit Risk, Executive, Nominating and Corporate Governance, and Risk. Each Board Committee serves as a board committee of S&T Bank in addition to being a Board committee of S&T.

During 2024, the Board held six board meetings, with the following number of meetings held by the Board committees: Audit, nine; Compensation and Benefits, five; Credit Risk, four; Nominating and Corporate Governance, four; and Risk, four. The Executive Committee, which meets as often as it determines is necessary and appropriate, did not meet during 2024.

Each director of the Board attended at least 75% of the aggregate number of meetings of the Board and the committees on which he or she served during 2024. Independent members of the Board meet at least twice per**

S&T Bancorp, Inc.|2025 Proxy Statement| 15

Corporate Governance year in regularly scheduled executive sessions without management present. The independent Chairperson of the Board presides over all executive sessions. The Board has implemented a formal policy that strongly encourages director attendance at the annual meeting of shareholders. In 2024, all of S&T’s directors attended the annual meeting of shareholders. Separate Roles of Chairperson and Chief Executive Officer The Board believes that, as part of our efforts to embrace and adopt good corporate governance practices, different individuals should hold the positions of Chairperson of the Board and Chief Executive Officer (“CEO”) to aid in the Board’s oversight of management. The Board believes that separation of the roles of Chairperson and CEO is the best governance model for S&T and its shareholders at this time. Under this model, our Chairperson, a non-executiveposition, can devote his or her attention to assuring that S&T has the proper governance controls in place; that the Board is properly structured from the standpoints of membership, size and diversity; and that management has the support it needs from the Board to carry out our strategic priorities. The CEO