Short answer
S&T BANCORP INC (STBA) filed an 8-K current report with the SEC on April 7, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Christopher McComish’s amended agreement runs four years from January 1, 2026, with automatic one-year renewals.
S&T BANCORP INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Christopher McComish’s amended agreement runs four years from January 1, 2026, with automatic one-year renewals
- Minimum base salary $785,000, target annual bonus 67% of salary, and long-term incentive target of at least 100% of salary
- Termination without cause or for good reason triggers severance equal to two times salary plus target bonus
- Change-in-control termination within two years increases severance to three times salary plus target bonus and accelerates long-term incentives
- One-year post-termination non-compete and non-solicitation covenants constrain executive departure options
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