Brian G. Karrip - Feb 26, 2024 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
Feb 26, 2024
Transactions value $
-$116,841
Form type
4
Date filed
2/27/2024, 04:10 PM
Previous filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCF Common Stock Sale -$117K -8.93K -14.64% $13.09 52K Feb 26, 2024 Direct
transaction FCF Common Stock Award $0 +18.9K +36.32% $0.00 70.9K Feb 27, 2024 Direct F1
transaction FCF Common Stock Tax liability $0 -10.4K -14.68% $0.00 60.5K Feb 27, 2024 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 -6.3K -100% $0.00* 0 Feb 27, 2024 Common Stock 6.3K Direct F3
holding FCF Restricted Stock Units-Service Based 5.3K Feb 26, 2024 Common Stock 5.3K Direct F4
holding FCF Restricted Stock Units-Service Based 11.9K Feb 26, 2024 Common Stock 6.55K Direct F5
holding FCF Restricted Stock Units-Service Based 18.5K Feb 26, 2024 Common Stock 6.6K 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 2021-2023 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 2021 and converted to FCF common stock on a 1-for-1 basis after a 3 year vesting period.
F4 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.
F5 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.
F6 Award in 2024 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.