First Commonwealth (FCF) CFO reports stock sales and 22,300 RSUs in Form 4
Rhea-AI Filing Summary
First Commonwealth Financial Corp. executive reports stock sales and RSU holdings. On 12/05/2025, EVP and Chief Financial Officer James R. Reske reported a series of open-market sales of FCF common stock, with individual trades ranging from 1 to 470 shares at prices between $16.49 and $16.565 per share. After these transactions, he directly held 82,383 shares of FCF common stock. The filing also shows service-based restricted stock units granted in 2023, 2024, and 2025 that are convertible into FCF common stock on a 1-for-1 basis at the end of three-year vesting periods, totaling 22,300 RSUs. The sales were made under a trading plan adopted on March 20, 2025.
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FAQ
What insider transaction did First Commonwealth Financial (FCF) report?
The filing reports that EVP and Chief Financial Officer James R. Reske executed multiple open-market sales of FCF common stock on 12/05/2025, with small blocks of shares sold at prices around $16.49–$16.565 per share.
How many First Commonwealth Financial (FCF) shares does the reporting person own after the transactions?
After the reported sales on 12/05/2025, James R. Reske directly owned 82,383 shares of First Commonwealth Financial common stock.
At what prices were the First Commonwealth Financial (FCF) shares sold?
The reported trades occurred at prices between $16.49 and $16.565 per share, with individual transactions priced at specific levels such as $16.49, $16.50, $16.51, $16.515, $16.52, $16.525, $16.535, $16.54, $16.545, and $16.55.
Were the FCF stock sales made under a Rule 10b5-1 trading plan?
Yes. The remarks state that the sales were made pursuant to a trading plan adopted March 20, 2025, which is intended to qualify as a Rule 10b5-1(c) plan.
What restricted stock units (RSUs) does the FCF executive hold?
The executive holds service-based restricted stock units awarded in 2023, 2024, and 2025, each convertible into FCF common stock on a 1-for-1 basis after a three-year vesting period, totaling 22,300 RSUs beneficially owned.
What is the vesting schedule for the FCF restricted stock units?
The RSU awards from 2023, 2024, and 2025 are described as service based stock units that convert into shares of FCF common stock on a 1-for-1 basis at the end of a 3 year vesting period for each grant.