FCF (FCF) EVP & CIO reports 10,000 restricted shares vesting in 2027
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
First Commonwealth Financial Corp. executive Ryan Lysaght Gorney, EVP and Chief Information Officer, reported his initial ownership on an amended Form 3. He beneficially owns 10,000 shares of common stock as restricted stock, which are scheduled to vest in a single installment on April 27, 2027.
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 | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares beneficially owned: 10,000 shares
Vesting date: April 27, 2027
Shares following transaction entry: 10,000 shares
3 metrics
Restricted shares beneficially owned
10,000 shares
Common Stock, EVP/CIO initial ownership on Form 3/A
Vesting date
April 27, 2027
Single-installment vesting of 10,000 restricted shares
Shares following transaction entry
10,000 shares
Total shares following reported holding entry
Key Terms
restricted stock, Securities Beneficially Owned, Form 3/A
3 terms
restricted stock financial
"includes 10,000 shares of restricted stock which vest in a single installment"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Securities Beneficially Owned financial
"Securities Beneficially Owned includes 10,000 shares of restricted stock"
Form 3/A regulatory
"reported his initial ownership on an amended Form 3"
An amended Form 3 (Form 3/A) is a corrected or updated disclosure filed with regulators that revises an insider’s initial report of their ownership in a public company — typically for officers, directors or large shareholders. Investors use it like a corrected inventory list: it clarifies who owns how many shares and whether earlier reports had errors, helping assess insider confidence, possible conflicts and the accuracy of ownership records that can affect stock valuation and trust.
FAQ
What insider position does Ryan Lysaght Gorney hold at FCF?
Ryan Lysaght Gorney is an Executive Vice President and Chief Information Officer at First Commonwealth Financial Corp. This Form 3/A reflects his initial beneficial ownership reporting as a company officer, focused on his restricted stock holdings and their vesting terms.
What type of FCF equity does Ryan Lysaght Gorney beneficially own?
He beneficially owns 10,000 shares of restricted common stock. Restricted stock generally represents granted shares that cannot be sold until vesting conditions are met, aligning executive compensation with longer-term company performance and retention objectives.
Does this FCF Form 3/A show any insider buying or selling?
This Form 3/A does not report explicit buy or sell transactions. It mainly records Ryan Lysaght Gorney’s beneficial ownership of 10,000 restricted shares and the vesting schedule, serving as an updated initial ownership disclosure rather than a trade report.
What does ‘Securities Beneficially Owned’ mean in this FCF filing?
In this filing, ‘Securities Beneficially Owned’ refers to the 10,000 restricted shares Gorney effectively controls, even though they are subject to vesting. Beneficial ownership focuses on economic and voting interests, not just whether shares are currently unrestricted.