First Commonwealth (FCF) CFO receives grant of 6,850 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reske James R reported acquisition or exercise transactions in this Form 4 filing.
FIRST COMMONWEALTH FINANCIAL CORP (FCF) reported that EVP and Chief Financial Officer James R. Reske received a grant of 6,850 service-based restricted stock units on March 11, 2026. These units are convertible into common stock on a 1-for-1 basis after a three-year vesting period.
Following this grant, Reske holds 22,150 service-based restricted stock units of this type, additional service-based units linked to 8,000 and 7,300 underlying shares, and 85,492 shares of common stock directly. The filing also notes similar service-based awards made in 2024, 2025, and 2026, each vesting over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Reske James R
Role
EVP/Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units-Service Based | 6,850 | $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 — 22,150 shares (Direct);
Common Stock — 85,492 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 insider transaction did FCF disclose for James R. Reske on this Form 4?
FCF disclosed that EVP and CFO James R. Reske received a grant of 6,850 service-based restricted stock units. These units are a form of equity compensation, not an open-market purchase or sale, and convert into common stock after they vest.
How many restricted stock units does FCF’s CFO hold after the latest grant?
After the latest grant, James R. Reske holds 22,150 service-based restricted stock units of the reported award type. The filing also shows additional service-based units tied to 8,000 and 7,300 underlying shares, giving him multiple unvested equity awards alongside his direct stock holdings.
What are the vesting terms of the FCF restricted stock units reported on this Form 4?
The restricted stock units are service-based awards that convert into FCF common stock on a 1-for-1 basis after a three-year vesting period. Footnotes indicate similar three-year vesting structures for service-based awards granted in 2024, 2025, and 2026 to the reporting executive.
Does the FCF Form 4 show any insider stock sales or open-market purchases?
The Form 4 does not report any open-market stock purchases or sales. It shows one acquisition of 6,850 service-based restricted stock units as a compensation grant, along with updated holding entries for existing restricted stock units and common stock positions held directly by the executive.