FCF (NYSE: FCF) audit chief sells 35,000 shares, reports RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST COMMONWEALTH FINANCIAL CORP (FCF) executive Lee E. Lyon II reported open‑market stock sales and an equity award update. On May 18, 2026, the EVP / Chief Audit Executive sold 35,000 shares of common stock in multiple open‑market transactions. Lyon also reported a 2026 award of service‑based restricted stock units that are convertible into 3,350 shares of FCF common stock on a 1‑for‑1 basis after a three‑year vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 35,000 shares ($644,054)
Net Sell
7 txns
Insider
Lyon Lee E II
Role
EVP / Chief Audit Executive
Sold
35,000 shs ($644K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,418 | $18.4205 | $155K |
| Sale | Common Stock | 5,582 | $18.3902 | $103K |
| Sale | Common Stock | 3,275 | $18.3809 | $60K |
| Sale | Common Stock | 4,000 | $18.3905 | $74K |
| Sale | Common Stock | 10,725 | $18.4005 | $197K |
| Sale | Common Stock | 3,000 | $18.4106 | $55K |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
Holdings After Transaction:
Common Stock — 84,321 shares (Direct, null);
Restricted Stock Units-Service Based — 3,350 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 35,000 shares
Example sale price: $18.4106 per share
RSU underlying shares: 3,350 shares
+1 more
4 metrics
Shares sold
35,000 shares
Total FCF common shares sold on May 18, 2026
Example sale price
$18.4106 per share
3,000 FCF common shares sold in one open-market trade
RSU underlying shares
3,350 shares
Service-based restricted stock units convertible 1-for-1 into common stock
RSU exercise price
$0.0000
Service-based RSUs reported as having zero exercise price
Key Terms
Restricted Stock Units-Service Based, open-market sale, vesting period, 1-for-1 basis
4 terms
Restricted Stock Units-Service Based financial
"security_title: "Restricted Stock Units-Service Based""
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
1-for-1 basis financial
"convertible into shares of FCF common stock on a 1-for-1 basis"
FAQ
What insider transaction did FCF executive Lee E. Lyon II report on this Form 4?
Lee E. Lyon II reported selling 35,000 shares of FIRST COMMONWEALTH FINANCIAL CORP (FCF) common stock in open‑market transactions. These trades occurred on May 18, 2026, and were reported as routine non‑derivative sales of directly held shares.
What restricted stock units did Lee E. Lyon II report for FCF?
Lyon reported a 2026 award of service‑based restricted stock units tied to FIRST COMMONWEALTH FINANCIAL CORP common stock. These units are convertible into 3,350 FCF shares on a 1‑for‑1 basis following completion of a three‑year vesting period.
Does Lee E. Lyon II’s Form 4 for FCF include any option exercises or tax withholdings?
The insider filing summarizes only open‑market sales of FCF common stock and a service‑based restricted stock unit award. It does not list any stock option exercises, tax‑withholding share dispositions, gifts, or restructuring‑related equity transfers.