secwatch.observer — SEC 8-K summary
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Issuer:     S&T BANCORP INC (STBA)
CIK:        0000719220
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0000719220-26-000033
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719220/000071922026000033/0000719220-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719220/000071922026000033/stba-20260402.htm
  HTML page:      https://secwatch.observer/filing/0000719220-26-000033

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