First Commonwealth Financial Corp (NYSE: FCF) updates insider RSU holdings
Rhea-AI Filing Summary
First Commonwealth Financial Corp reports that EVP and Chief Information Officer Ryan Lysaght Gorney holds 5,350 service-based restricted stock units, each convertible into one share of FCF common stock.
The units were awarded in 2026 and vest after a three-year service-based vesting period, and were previously omitted from the initial statement of beneficial ownership dated May 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gorney Ryan Lysaght
Role
EVP/ Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units-Service Based F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units-Service Based — 5,350 shares (Direct)
Footnotes (1)
- F1. Award in 2026 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.
Key Figures
Restricted stock units: 5,350.0000 units
Underlying common shares: 5,350.0000 shares
Conversion ratio: 1-for-1
+3 more
6 metrics
Restricted stock units
5,350.0000 units
Service-based RSUs held following the reported position
Underlying common shares
5,350.0000 shares
Underlying FCF common stock on a 1-for-1 conversion basis
Conversion ratio
1-for-1
Each service-based RSU converts into one share of FCF common stock
Vesting period
3 years
RSUs convertible at the end of a three-year vesting period
Award year
2026
Service-based stock unit award made in 2026
Reporting transaction date
2026-04-27
Date associated with the RSU holding entry
Key Terms
Restricted Stock Units-Service Based, beneficial ownership, vesting period, convertible into shares
4 terms
Restricted Stock Units-Service Based financial
"security_title: Restricted Stock Units-Service Based"
beneficial ownership financial
"initial statement of beneficial ownership filed on May 1, 2026"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
vesting period financial
"at the end of a 3 year vesting period"
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 3/A amendment for FCF disclose about Ryan Lysaght Gorney?
The amendment shows that EVP/Chief Information Officer Ryan Lysaght Gorney holds 5,350 service-based restricted stock units in First Commonwealth Financial Corp, each convertible into one share of FCF common stock after a three-year vesting period.
How many restricted stock units does the FCF executive report in this Form 3/A?
The executive reports 5,350 service-based restricted stock units. These units are tied to FCF common stock on a 1-for-1 basis and reflect a 2026 award that was inadvertently omitted from the initial beneficial ownership statement.
What is the vesting schedule for the FCF restricted stock units reported?
The reported restricted stock units vest after a three-year service-based period. At the end of this vesting period, each unit converts on a 1-for-1 basis into a share of First Commonwealth Financial Corp common stock.
What type of security is disclosed in the FCF Form 3/A amendment?
The amendment discloses Restricted Stock Units–Service Based, which are derivative securities linked to FCF common stock. These units are convertible into common shares on a 1-for-1 basis after completion of a three-year vesting period.