During Todd D. Brice's time as CEO, he held significant equity in S&T Bancorp, making the company's performance crucial to his wealth. In recent years, fluctuations in his stock holdings showed how tied executives are to their company's value. For...
During Todd D. Brice's time as CEO, he held significant equity in S&T Bancorp, making the company's performance crucial to his wealth. In recent years, fluctuations in his stock holdings showed how tied executives are to their company's value. For example, the stock awarded for performance vesting in earlier years reflected his compensation strategy, which balanced salary and stock performance. By 2021, as he prepared for retirement, Todd's focus shifted primarily away from stock incentives and towards his legacy at S&T. He played a key role in building long-term shareholder value, believing that strong performance metrics could drive growth and success. This approach not only benefited the company but also laid the groundwork for his successor to follow. In the years leading up to his retirement, Todd demonstrated a consistent alignment of his personal financial interests with the company's health, fostering a culture of performance within S&T Bancorp.