First Commonwealth (FCF) EVP receives 5,250 service-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Montgomery Norman J reported acquisition or exercise transactions in this Form 4 filing.
First Commonwealth Financial EVP Norman J. Montgomery reported a compensation grant of restricted stock units. On March 11, 2026, he received 5,250 service-based RSUs, each convertible into one share of First Commonwealth common stock after a three-year vesting period.
Following this award, Montgomery holds 17,300 service-based RSUs in total and 88,068 shares of common stock, all held directly. The filing reflects routine equity compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Montgomery Norman J
Role
EVP/Business Integration
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units-Service Based | 5,250 | $0.00 | -- |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units-Service Based — 17,300 shares (Direct);
Common Stock — 88,068 shares (Direct)
Footnotes (1)
- Award in 2024 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. 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. 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.
FAQ
What did First Commonwealth Financial (FCF) executive Norman J. Montgomery report on this Form 4?
Norman J. Montgomery reported receiving a grant of 5,250 service-based restricted stock units. These RSUs are part of his equity compensation and will convert into First Commonwealth common stock on a one-for-one basis after a three-year vesting period.
How many restricted stock units does the FCF executive hold after the latest grant?
After the March 11, 2026 grant, the executive holds 17,300 service-based restricted stock units. These RSUs relate to awards made in 2024, 2025, and 2026, each vesting over three years and settling into an equivalent number of First Commonwealth common shares.
Did the First Commonwealth (FCF) Form 4 show any open-market stock purchases or sales?
The Form 4 does not show any open-market purchases or sales. It reports a grant of 5,250 service-based restricted stock units as compensation, along with updated holdings of RSUs and 88,068 shares of common stock held directly by the executive.
What are the vesting terms of the restricted stock units reported by FCF’s executive?
Each service-based restricted stock unit converts into one share of FCF common stock after a three-year vesting period. The footnotes indicate separate awards in 2024, 2025, and 2026, all following the same three-year vesting schedule before share delivery.
What type of transaction is the 5,250-unit award reported for FCF’s executive?
The 5,250-unit award is classified as a grant or award acquisition of derivative securities. It represents service-based restricted stock units granted at no purchase price, rather than a market transaction, and is recorded under transaction code A for an equity compensation grant.