Company: STBA
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-068253
Chunk: 39

Company: S&T BANCORP INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 39
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 487 restricted stock units, or $16,667, for his service on the Board from January 24, 2024 through May 14, 2024. The number of shares awarded was based on the closing price of S&T stock of $34.28 on January 24, 2024. Thereafter, in May 2024, he received the standard annual board retainer and annual restricted stock unit award for his service on the Board from May 14, 2024 through May 13, 2025. |

| (6) | Mr. Weingarten retired effective with the annual meeting in 2024. He received no fees or awards in 2024. |

Directors’ Stock Ownership The Board has adopted stock ownership guidelines for the directors of S&T. The guidelines require each director to own at least $100,000 in market value of Common Stock within one year of being elected to the Board in order to be nominated for reelection as a continuing director candidate for a second or third term of service. To be nominated for reelection as a continuing member of the Board for a fourth, or more, term of service, such continuing director candidate must own at least $250,000 in market value of the Common Stock. Each of our directors, other than Mr. Ramachandran, satisfied the stock ownership guidelines as of January 29, 2025, the date of nomination. In the case of Mr. Ramachandran, the Board decided to grant a one-time exception to the guidelines given Mr. Ramachandran’s holdings of $76,757 on such date and his agreement to meet the guidelines prior to May 31, 2025. Thereafter, Mr. Ramachandran purchased stock and satisfied the stock ownership guidelines in February 2025. S&T Bancorp, Inc.| 2025 Proxy Statement | 27

PROPOSAL 2: RATIFICATION OF THE SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2025 The Audit Committee of the S&T Board appointed the firm of Ernst & Young LLP (Ernst & Young) as its independent registered public accounting firm (“Independent Accountants”), to audit and report on S&T’s financial statements for the fiscal year ending December 31, 2025. The S&T Board now recommends that S&T’s shareholders ratify this appointment. We are not required to have the shareholders ratify the selection of Ernst & Young as our independent registered public accounting firm