First Commonwealth (NYSE: FCF) awards 3,350 RSUs to audit executive

Rhea-AI Filing Summary

FIRST COMMONWEALTH FINANCIAL CORP (FCF) reported a Form 4 for EVP / Chief Audit Executive Lee E. Lyon II. He received a grant of 3,350 service-based restricted stock units on March 11, 2026. These units convert into common stock on a 1-for-1 basis after a 3-year vesting period.

The filing also shows he directly holds 92,739 shares of common stock following the reported update. This grant is a compensation-related award, not an open-market purchase or sale, and does not involve cash trading in the company’s stock.

Insights

Equity compensation analyst

Routine equity grant; no open‑market trading signal.

The EVP / Chief Audit Executive of FIRST COMMONWEALTH FINANCIAL CORP received 3,350 service-based restricted stock units that will vest after three years and convert into an equal number of common shares. This is standard long-term incentive compensation.

The transaction uses code A, indicating a grant or award, not a buy or sell in the market. The filing also shows 92,739 common shares held directly after the update, suggesting the award modestly increases his long-term equity exposure without signaling a view on near-term share price.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lyon Lee E II

(Last) (First) (Middle)

601 PHILADELPHIA STREET

(Street)

INDIANA PA 15701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST COMMONWEALTH FINANCIAL CORP /PA/ [ FCF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP / Chief Audit Executive

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								92,739	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units-Service Based	(1)	03/11/2026		A		3,350		(1)	(1)	Common Stock	3,350	(1)	3,350	D

Explanation of Responses:

1. 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.

Remarks:

	/s/ Matthew C. Tomb POA for Lee E. Lyon II	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did First Commonwealth Financial (FCF) disclose in this Form 4 for Lee E. Lyon II?

The Form 4 shows EVP / Chief Audit Executive Lee E. Lyon II received 3,350 service-based restricted stock units. These units represent a long-term equity award that can convert into common shares after meeting a three-year vesting requirement, aligning his incentives with shareholders.

How many restricted stock units were granted to the FCF executive on March 11, 2026?

The executive received 3,350 restricted stock units on March 11, 2026. Each unit is convertible into one share of First Commonwealth Financial common stock after a three-year vesting period, providing additional long-term ownership if service-based conditions are satisfied.

Are the transactions in this FCF Form 4 open-market purchases or sales?

No, the key transaction is a grant of 3,350 restricted stock units, coded as an award. It is compensation rather than an open-market buy or sell, so it does not directly reflect trading activity or discretionary timing in First Commonwealth Financial shares.

When do the newly granted FCF restricted stock units vest and convert to shares?

The 3,350 service-based restricted stock units vest after a three-year period. At the end of this vesting term, they are convertible into an equal number of First Commonwealth Financial common shares, assuming the executive continues qualifying service through that timeframe.

How many First Commonwealth Financial common shares does Lee E. Lyon II hold after this filing?

Following the reported update, Lee E. Lyon II directly holds 92,739 shares of First Commonwealth Financial common stock. This figure reflects his post-transaction ownership and indicates a substantial ongoing equity stake alongside the new restricted stock unit award.