First Commonwealth (NYSE: FCF) exec uses stock to cover taxes
Rhea-AI Filing Summary
FIRST COMMONWEALTH FINANCIAL CORP (FCF) reported an insider equity-tax event by EVP/Chief Credit Officer Brian J. Sohocki. On 2026-08-17, 1,425 shares of common stock were withheld by the issuer to pay tax liability on vesting restricted stock, leaving 26,239 common shares held directly. Sohocki also holds service-based restricted stock units convertible into 5,150 and 5,000 shares of common stock on a 1-for-1 basis after three-year vesting periods from 2025 and 2026 awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,425 shares
Net Sell
3 txns
Insider
Sohocki Brian J
Role
EVP/Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,425 | $0.00 | $0.00 |
| holding | Restricted Stock Units-Service Based F2 | -- | -- | -- |
| holding | Restricted Stock Units-Service Based F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,239 shares (Direct);
Restricted Stock Units-Service Based — 10,150 shares (Direct)
Footnotes (3)
- F1. Shares withheld by the issuer to pay tax liability in connection with the vesting of restricted stock.
- F2. Award in 2025 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.
- F3. 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
Shares withheld for taxes: 1,425 shares
Common shares held after transaction: 26,239 shares
2025 RSU award underlying shares: 5,150 shares
+1 more
4 metrics
Shares withheld for taxes
1,425 shares
Common stock withheld to pay tax liability on vesting restricted stock on 2026-08-17
Common shares held after transaction
26,239 shares
Direct FCF common stock holdings by Brian J. Sohocki following the tax-withholding event
2025 RSU award underlying shares
5,150 shares
Service-based stock units from 2025 award, 1-for-1 into FCF common stock after a 3 year vesting period
2026 RSU award underlying shares
5,000 shares
Service-based stock units from 2026 award, 1-for-1 into FCF common stock after a 3 year vesting period
Key Terms
Restricted Stock Units-Service Based, withheld by the issuer, 1-for-1 basis, vesting period
4 terms
Restricted Stock Units-Service Based financial
"securityTitle "Restricted Stock Units-Service Based" with underlying common stock"
withheld by the issuer financial
"Shares withheld by the issuer to pay tax liability in connection"
1-for-1 basis financial
"stock units convertible into shares of FCF common stock on a 1-for-1 basis"
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.
FAQ
What insider transaction did FCF executive Brian J. Sohocki report on this Form 4?
Brian J. Sohocki reported that 1,425 FCF common shares were withheld by the issuer to pay tax liability related to vesting restricted stock. This is coded as a tax-withholding disposition, not an open-market sale or purchase.
What restricted stock units (RSUs) tied to FCF common stock does Brian J. Sohocki hold?
Brian J. Sohocki holds service-based RSU awards convertible 1-for-1 into 5,150 and 5,000 FCF common shares. These units convert into common stock at the end of their respective three-year vesting periods for the 2025 and 2026 awards.
Was the FCF Form 4 transaction by Brian J. Sohocki a market sale or a tax withholding?
The Form 4 describes the event as shares withheld by the issuer to pay tax liability upon vesting of restricted stock. It is a code F tax-withholding disposition, not a sale on the open market.
Does the Form 4 indicate any Rule 10b5-1 trading plan for the FCF executive’s transaction?
The filing’s Rule 10b5-1 affirmation box is unchecked, and no footnote describes a trading plan. The reported transaction is characterized solely as issuer share withholding for tax on vesting restricted stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
