First Commonwealth (FCF) EVP Lyon reports 25,000-share stock sale and RSU award
Rhea-AI Filing Summary
FIRST COMMONWEALTH FINANCIAL CORP (FCF) executive Lee E. Lyon II, EVP / Chief Audit Executive, reported open-market sales of 25,000 shares of common stock on 2026-08-10 in multiple transactions at per-share prices around $21.46–$21.48, all held directly.
He also has a 2026 award of service-based restricted stock units convertible into 3,350 shares of FCF common stock on a 1-for-1 basis after a three-year vesting period.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 25,000 shares
Net Sell
7 txns
Insider
Lyon Lee E II
Role
EVP / Chief Audit Executive
Sold
25,000 shs ($537K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,653 | $21.4603 | $78K |
| Sale | Common Stock | 4,808 | $21.456 | $103K |
| Sale | Common Stock | 5,000 | $21.4601 | $107K |
| Sale | Common Stock | 4,539 | $21.4702 | $97K |
| Sale | Common Stock | 4,000 | $21.476 | $86K |
| Sale | Common Stock | 3,000 | $21.456 | $64K |
| holding | Restricted Stock Units-Service Based F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,739 shares (Direct);
Restricted Stock Units-Service Based — 3,350 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
Shares sold: 25000 shares
Representative sale prices: $21.4603–$21.4760 per share
Restricted stock units underlying shares: 3350.0000 shares
3 metrics
Shares sold
25000 shares
Total common shares sold on 2026-08-10 in multiple open-market transactions
Representative sale prices
$21.4603–$21.4760 per share
Per-share prices for common stock sales on 2026-08-10
Restricted stock units underlying shares
3350.0000 shares
Service-based RSUs awarded in 2026, convertible 1-for-1 after 3-year vesting
Key Terms
Restricted Stock Units-Service Based, vesting period, open market or private transaction
3 terms
Restricted Stock Units-Service Based financial
"security_title "Restricted Stock Units-Service Based" tied to common stock"
vesting period financial
"units convertible into shares on a 1-for-1 basis 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.
open market or private transaction financial
"transaction_code_description "Sale in open market or private transaction""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FCF executive Lee E. Lyon II report?
Lee E. Lyon II reported open-market sales of 25,000 shares of FIRST COMMONWEALTH FINANCIAL CORP common stock on 2026-08-10. The transactions were reported as direct holdings and classified as sales of non-derivative common stock.
How many restricted stock units does FCF insider Lee E. Lyon II hold?
Lee E. Lyon II holds a 2026 award of Restricted Stock Units-Service Based tied to 3,350 underlying shares of FCF common stock. These units convert into common shares on a 1-for-1 basis at the end of a three-year vesting period.
What role does Lee E. Lyon II hold at FIRST COMMONWEALTH FINANCIAL CORP (FCF)?
Lee E. Lyon II is an officer of FIRST COMMONWEALTH FINANCIAL CORP, serving as EVP / Chief Audit Executive. The Form 4 identifies him as an officer but not as a director or 10% beneficial owner.
What are the vesting terms of the FCF service-based restricted stock units reported?
The service-based restricted stock units reported for Lee E. Lyon II were awarded in 2026 and are convertible 1-for-1 into FCF common shares at the end of a three-year vesting period, as described in the footnote to the derivative holding entry.