BRIAN G. KARRIP - 26 Feb 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
Issuer symbol
FCF
Transactions as of
26 Feb 2024
Net transactions value
-$116,841
Form type
4
Filing time
27 Feb 2024, 16:10:16 UTC
Previous 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 Sale $116,841 -8,926 -15% $13.09 52,036 26 Feb 2024 Direct
transaction FCF Common Stock Award $0 +18,900 +36% $0.000000 70,936 27 Feb 2024 Direct F1
transaction FCF Common Stock Tax liability $0 -10,415 -15% $0.000000 60,521 27 Feb 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 -6,300 -100% $0.000000* 0 27 Feb 2024 Common Stock 6,300 Direct F3
holding FCF Restricted Stock Units-Service Based 5,300 26 Feb 2024 Common Stock 5,300 Direct F4
holding FCF Restricted Stock Units-Service Based 11,850 26 Feb 2024 Common Stock 6,550 Direct F5
holding FCF Restricted Stock Units-Service Based 18,450 26 Feb 2024 Common Stock 6,600 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.