First Commonwealth Financial (NYSE: FCF) EVP discloses 4,750 restricted stock units
Rhea-AI Filing Summary
First Commonwealth Financial Corp. filed an amended initial ownership report for EVP / Regional Banking Matthew T. Zuro, adding a previously omitted holding of 4,750 service-based restricted stock units awarded in 2026. These units are convertible into common stock on a 1-for-1 basis at the end of a 3 year vesting period.
Positive
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Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zuro Matthew T.
Role
EVP / Regional Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units-Service Based F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units-Service Based — 4,750 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 reported: 4750.0000 units
Underlying common shares: 4750.0000 shares
Vesting period: 3 years
+1 more
4 metrics
Restricted stock units reported
4750.0000 units
Service-based RSUs awarded in 2026 and added in the Form 3/A amendment
Underlying common shares
4750.0000 shares
Each RSU is convertible into one share of FCF common stock
Vesting period
3 years
RSUs convert into common stock at the end of a 3 year vesting period
Conversion ratio
1-for-1
RSUs are convertible into FCF common stock on a 1-for-1 basis
Key Terms
Restricted Stock Units-Service Based, beneficial ownership, vesting period, 1-for-1 basis
4 terms
Restricted Stock Units-Service Based financial
"security title is listed as Restricted Stock Units-Service Based"
beneficial ownership financial
"initial statement of beneficial ownership filed on April 8, 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.
1-for-1 basis financial
"convertible into shares of FCF common stock on a 1-for-1 basis"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did First Commonwealth (FCF) report in Matthew T. Zuro's amended Form 3/A?
The amendment reports previously omitted restricted stock units for EVP Matthew T. Zuro. It adds a holding of 4,750 service-based RSUs awarded in 2026, which were not included in the original April 8, 2026 beneficial ownership statement.
How many restricted stock units does FCF executive Matthew T. Zuro now report?
Matthew T. Zuro now reports 4,750 service-based restricted stock units tied to First Commonwealth common stock. These RSUs represent the right to receive an equal number of FCF common shares, subject to the satisfaction of vesting conditions over the specified period.
What are the vesting terms of Matthew T. Zuro's FCF restricted stock units?
The reported RSUs vest after a 3 year vesting period. At the end of this three-year service period, the units become convertible into First Commonwealth common stock on a 1-for-1 basis, assuming all service-based conditions have been met.
Why was an amendment filed to Matthew T. Zuro's Form 3 for FCF (ticker FCF)?
The amendment was filed because restricted stock units were inadvertently omitted from the initial Form 3. It corrects the prior beneficial ownership report made on April 8, 2026, by adding the service-based RSU award granted in 2026 to the disclosed holdings.
Do Matthew T. Zuro's FCF restricted stock units convert into common stock, and at what ratio?
Yes, the RSUs are convertible into FCF common stock on a 1-for-1 basis. After the 3 year vesting period ends, each vested restricted stock unit entitles Mr. Zuro to receive one share of First Commonwealth Financial Corp. common stock.