FIRST COMMONWEALTH (NYSE: FCF) risk chief receives 5,350 new RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST COMMONWEALTH FINANCIAL CORP (FCF) EVP/Chief Risk Officer Matthew C. Tomb received a grant of 5,350 service-based restricted stock units on Common Stock. These units were awarded at no cash cost and convert into FCF common shares on a 1-for-1 basis after a three-year vesting period.
Following this grant, Tomb directly holds 17,300 service-based restricted stock units tied to common stock, in addition to 86,284 shares of FCF common stock held directly. The filing also shows prior RSU awards from 2024 and 2025 with the same 1-for-1 conversion at the end of a three-year vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Tomb Matthew C
Role
EVP/Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units-Service Based | 5,350 | $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 — 86,284 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 executive Matthew C. Tomb report on this Form 4?
Matthew C. Tomb reported receiving 5,350 service-based restricted stock units tied to FIRST COMMONWEALTH FINANCIAL CORP (FCF) common stock. The award carries a three-year vesting period and converts into common shares on a 1-for-1 basis once service conditions are met.
How many FIRST COMMONWEALTH FINANCIAL (FCF) RSUs does Matthew Tomb hold after this filing?
After this transaction, Matthew Tomb holds 17,300 service-based restricted stock units linked to FCF common stock. These RSUs reflect awards from 2024, 2025, and 2026, each convertible into common shares on a 1-for-1 basis after a three-year vesting period.
What are the vesting terms of Matthew Tomb’s 2026 restricted stock unit award at FCF?
The 2026 award consists of service-based stock units that vest over three years. At the end of the three-year vesting period, each unit converts into one share of FIRST COMMONWEALTH FINANCIAL CORP common stock, assuming the service-based conditions are satisfied.
Does the FCF Form 4 show Matthew Tomb buying or selling common stock in the market?
The Form 4 does not show open-market purchases or sales by Matthew Tomb. It records a compensation-related grant of 5,350 service-based restricted stock units and lists his resulting holdings of 86,284 shares of common stock owned directly after the reported transactions.
What common stock holdings does FCF EVP/Chief Risk Officer Matthew Tomb report?
Matthew Tomb reports direct ownership of 86,284 shares of FIRST COMMONWEALTH FINANCIAL CORP common stock. In addition, he holds 17,300 service-based restricted stock units that are convertible into an equal number of common shares after their respective three-year vesting periods.