First Commonwealth Financial insider plans $0.66M stock sale via Rule 144

Rhea-AI Filing Summary

First Commonwealth Financial Corp. (FCF) – Form 144 filing: An undisclosed insider has notified intent to sell 39,774 common shares through broker Charles Schwab. At the filing’s reference price, the lot is valued at $659,453, representing roughly 0.04 % of the 104.9 million shares outstanding. The proposed sale window opens on 06 Aug 2025 on the NYSE.

The shares were obtained via equity-compensation grants issued between 2017-2024 under multiple Long-Term Incentive Plans: 20,720 shares (2018 grant), 9,001 (2017), 6,570 (2022) and 3,483 (2024). The filer reports no other sales in the prior three months. Standard Rule 144 and 10b5-1 representations are included, affirming no undisclosed material adverse information.

While insider sales can raise sentiment concerns, the transaction is modest in size relative to market float and appears to stem from normal incentive-plan vesting rather than a strategic divestiture.

Positive

• Sale equals only ~0.04 % of shares outstanding, suggesting negligible dilution or market pressure.
• No insider sales reported in the last three months, limiting aggregation concerns under Rule 144.

Negative

• Insider intends to liquidate $659 K of stock, which can be perceived as a mild negative signal even if routine.

Insights

Securities Analyst

TL;DR: Small Rule 144 sale (~0.04 % float) — immaterial to valuation, mildly negative optics.

The $0.66 M sale is insignificant against FCF’s market cap and likely reflects routine monetisation of vested stock. Lack of recent insider selling and disclosure that shares derive from long-term incentive plans reduce signalling risk. Market impact expected to be negligible; however, any insider disposition can weigh marginally on sentiment in the short term.

Corporate Governance Expert

TL;DR: Governance neutral; compliant filing, limited size, routine incentive cash-out.

Proper Rule 144 notice, broker identified, and acquisition history disclosed indicate governance adherence. Absence of 10b5-1 adoption date may draw minor scrutiny, but representation language meets regulatory norms. The insider’s aggregate holdings post-sale are not provided, preventing deeper governance assessment. Overall, not impactful.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Charles Schwab 9825 Schwab Way Lone Tree CO 80124	39774	659453.00	104925587	08/06/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	02/18/2022	Awards issued under the 2019-2021 Long-Term Incentive Plan	First Commonwealth Financial Corporation			6570	02/18/2022	Equity Compensation
Common Stock	03/04/2024	Awards issued under the 2021-2023 Long-Term Incentive Plan	First Commonwealth Financial Corporation			3483	03/04/2024	Equity Compensation
Common Stock	01/31/2018	Awards issued under the 2015-2017 Long-Term Incentive Plan	First Commonwealth Financial Corporation			20720	01/31/2018	Equity Compensation
Common Stock	02/27/2017	Awards issued under the 2014-2016 Long-Term Incentive Plan	First Commonwealth Financial Corporation			9001	02/27/2017	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many First Commonwealth Financial (FCF) shares are being sold under this Form 144?

The notice covers 39,774 common shares.

What is the estimated market value of the proposed FCF share sale?

The filing lists an aggregate value of approximately $659,453.

When is the earliest sale date for the FCF shares?

The approximate sale date disclosed is August 6, 2025.

What percentage of FCF’s shares outstanding does this sale represent?

About 0.04 % of the 104.9 million shares outstanding.

How were the shares being sold originally acquired?

All shares stem from equity-compensation awards granted between 2017 and 2024.

Has the insider sold any FCF shares in the last three months?

The filing states "Nothing to Report" for sales during the past three months.