James R. Reske - 02 Mar 2023 Form 4 Insider Report for FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF)

Role
EVP/Chief Financial Officer
Signature
/s/ Matthew C. Tomb POA for James R. Reske
Issuer symbol
FCF
Transactions as of
02 Mar 2023
Net transactions value
$0
Form type
4
Filing time
03 Mar 2023, 15:42:29 UTC
Previous filing
31 Jan 2023
Next filing
30 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCF Common Stock Award $0 +13,680 +19% $0.000000 84,743 02 Mar 2023 Direct F1
transaction FCF Common Stock Tax liability $0 -7,782 -9.2% $0.000000 76,961 02 Mar 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FCF Restricted Stock Units-Service Based Options Exercise $0 -6,000 -100% $0.000000* 0 02 Mar 2023 Common Stock 6,000 Direct F3
holding FCF Restricted Stock Units-Service Based 6,700 02 Mar 2023 Common Stock 6,700 Direct F4
holding FCF Restricted Stock Units-Service Based 12,300 02 Mar 2023 Common Stock 5,600 Direct F5
holding FCF Restricted Stock Units-Service Based 19,300 02 Mar 2023 Common Stock 7,000 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued as settlement of performance and service based restricted stock units granted under the First Commonwealth Financial Corporation 2020-2022 Long-Term Incentive Plan.
F2 Shares held by the issuer to satisfy tax withholding obligations in connection with the Long-Term Incentive Plan referenced in footnote 1.
F3 Service based stock units awarded in 2020 and converted to FCF common stock on a 1-for-1 basis after a 3 year vesting period.
F4 Award in 2021 of service based stock units convertible into shares of FCF common stock on a 1-for-1 basis at the end of a 3 year vesting period.
F5 Award in 2022 of service based stock units convertible into shares of FCF common stock on a 1-for-1 basis at the end of a 3 year vesting period.
F6 Award in 2023 of service based stock units convertible into shares of FCF common stock on a 1-for-1 basis at the end of a 3 year vesting period.