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First Commonwealth (NYSE: FCF) EVP awarded 7,250 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FIRST COMMONWEALTH FINANCIAL CORP executive Jane Grebenc, EVP/Chief Revenue Officer, reported receiving a grant of 7,250 service-based restricted stock units on March 11, 2026. These units convert into an equal number of common shares on a 1-for-1 basis after a three-year vesting period.

Following this award, she holds 24,000 service-based RSUs in total across awards from 2024, 2025, and 2026. The filing also shows 158,975 shares of common stock held directly after the reported transactions, indicating a substantial ongoing equity stake.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Grebenc Jane

(Last) (First) (Middle)
601 PHILADELPHIA STREET

(Street)
INDIANA PA 15701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRST COMMONWEALTH FINANCIAL CORP /PA/ [ FCF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
EVP/Chief Revenue Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 158,975 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units-Service Based (1) (1) (1) Common Stock 8,750 8,750 D
Restricted Stock Units-Service Based (2) (2) (2) Common Stock 8,000 16,750 D
Restricted Stock Units-Service Based (3) 03/11/2026 A 7,250 (3) (3) Common Stock 7,250 (3) 24,000 D
Explanation of Responses:
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.
2. 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.
3. 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.
Remarks:
/s/ Matthew C. Tomb POA for Jane Grebenc 03/12/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Jane Grebenc report in this Form 4 for FCF?

Jane Grebenc reported a grant of 7,250 service-based restricted stock units. These units are a form of equity compensation that will convert into First Commonwealth common shares on a 1-for-1 basis after a three-year vesting period, aligning her interests with shareholders.

How many restricted stock units does Jane Grebenc now hold in FCF?

After the latest grant, Jane Grebenc holds 24,000 service-based restricted stock units. This total reflects awards received in 2024, 2025, and 2026, each designed to vest over three years and convert into an equal number of First Commonwealth common shares.

What are the vesting terms of Jane Grebenc’s FCF restricted stock units?

Each award of service-based restricted stock units vests over three years. At the end of the three-year vesting period, the units convert into First Commonwealth Financial common stock on a 1-for-1 basis, providing long-term, performance-linked compensation.

Did Jane Grebenc buy or sell FCF common stock in this Form 4?

The filing shows a grant of 7,250 restricted stock units, not an open-market stock purchase or sale. Other entries update post-transaction holdings, including 158,975 common shares held directly, but do not record additional buy or sell transactions.

How many FCF common shares does Jane Grebenc hold after this filing?

The Form 4 indicates that Jane Grebenc holds 158,975 shares of First Commonwealth common stock directly. This position is separate from her 24,000 service-based restricted stock units, which will convert into additional shares only after their three-year vesting periods.

What types of equity awards has Jane Grebenc received from FCF?

She has received service-based restricted stock unit awards in 2024, 2025, and 2026. Each award is denominated in units that are convertible into First Commonwealth common stock on a 1-for-1 basis after a three-year vesting period, as described in the filing footnotes.
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