Brian G. Karrip - Feb 18, 2022 Form 4 Insider Report for FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF)

Role
EVP/Chief Credit Officer
Signature
Matthew C. Tomb POA for Brian G. Karrip
Stock symbol
FCF
Transactions as of
Feb 18, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 05:05 PM
Previous filing
Feb 1, 2022
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCF Common Stock Award $0 +14.1K +30.24% $0.00 60.6K Feb 18, 2022 Direct F1
transaction FCF Common Stock Tax liability $0 -4.25K -7.01% $0.00 56.3K Feb 18, 2022 Direct F2
transaction FCF Common Stock Tax liability $0 -4.27K -7.59% $0.00 52K Feb 18, 2022 Direct F3

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 -5.45K -100% $0.00* 0 Feb 18, 2022 Common Stock 5.45K Direct F4
holding FCF Restricted Stock Units-Service Based 5.65K Feb 18, 2022 Common Stock 5.65K Direct F5
holding FCF Restricted Stock Units-Service Based 12K Feb 18, 2022 Common Stock 6.3K Direct F6
holding FCF Restricted Stock Units-Service Based 17.3K Feb 18, 2022 Common Stock 5.3K Direct F7
* 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 Shares held by the issuer to satisfy tax withholding obligations in connection with the vesting of 15,000 shares of restricted stock.
F4 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.
F5 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.
F6 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.
F7 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.