James R. Reske - 18 Feb 2022 Form 4 Insider Report for FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF)

Role
EVP/Chief Financial Officer
Signature
Matthew C. Tomb POA for James R. Reske
Issuer symbol
FCF
Transactions as of
18 Feb 2022
Net transactions value
$0
Form type
4
Filing time
23 Feb 2022, 15:44:05 UTC
Previous filing
01 Feb 2022
Next filing
31 Jan 2023
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 +14,964 +23% $0.000000 79,457 18 Feb 2022 Direct F1
transaction FCF Common Stock Tax liability $0 -8,394 -11% $0.000000 71,063 18 Feb 2022 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 -5,800 -100% $0.000000* 0 18 Feb 2022 Common Stock 5,800 Direct F3
holding FCF Restricted Stock Units-Service Based 6,000 18 Feb 2022 Common Stock 6,000 Direct F4
holding FCF Restricted Stock Units-Service Based 12,700 18 Feb 2022 Common Stock 6,700 Direct F5
holding FCF Restricted Stock Units-Service Based 18,300 18 Feb 2022 Common Stock 5,600 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 2019-2021 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 2019 and converted to FCF common stock on a 1-for-1 basis after a 3 year vesting period.
F4 Award in 2020 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 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.
F6 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.