Brian G. Karrip - Mar 2, 2023 Form 4 Insider Report for FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF)

Role
EVP/Chief Credit Officer
Signature
/s/ Matthew C. Tomb POA for Brian G. Karrip
Stock symbol
FCF
Transactions as of
Mar 2, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 03:44 PM
Previous filing
Jan 31, 2023
Next filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCF Common Stock Award $0 +12.9K +24.76% $0.00 64.9K Mar 2, 2023 Direct F1
transaction FCF Common Stock Tax liability $0 -3.96K -6.09% $0.00 61K Mar 2, 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 -5.65K -100% $0.00* 0 Mar 2, 2023 Common Stock 5.65K Direct F3
holding FCF Restricted Stock Units-Service Based 6.3K Mar 2, 2023 Common Stock 6.3K Direct F4
holding FCF Restricted Stock Units-Service Based 11.6K Mar 2, 2023 Common Stock 5.3K Direct F5
holding FCF Restricted Stock Units-Service Based 18.2K Mar 2, 2023 Common Stock 6.55K 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.