S&T Bancorp enters amended CEO employment agreement with enhanced comp and severance

S&T BANCORP INC

Annual base salary set at no less than $785,000; target bonus 67% of base, LTIP target 100% of base.
Severance for termination without cause or for good reason: 2x (base+bonus) plus 24 months COBRA; 3x within 2 years of a change in control.
Four-year term effective Jan 1, 2026, renewable annually; CEO reports directly to Board.
Post-termination covenants: one-year non-compete and non-solicit, perpetual confidentiality, non-disparagement.
Vehicle allowance up to $25,000/yr; legal fees up to $25,000 for agreement preparation.

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