First Commonwealth CFO sells 2,072 shares
First Commonwealth Financial Corp. EVP and CFO James R. Reske sold common stock in the open market.
Rhea-AI Filing Summary
First Commonwealth Financial Corp. EVP and CFO James R. Reske sold common stock in the open market. On May 5, 2026, he executed open-market sales totaling 2,072 shares of common stock at prices between $18.46 and $18.56 per share.
After these transactions, Reske directly holds 81,348 shares of First Commonwealth common stock. He also holds service-based restricted stock units that are convertible on a 1-for-1 basis into 6,850, 7,300, and 8,000 shares of common stock following three-year vesting periods for awards granted in 2024, 2025, and 2026.
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Insider Trade Summary 10b5-1
Net Seller: 2,072 shares
Net Sell
13 txns
Insider
Reske James R
Role
EVP/Chief Financial Officer
Sold
2,072 shs ($38K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100 | $18.46 | $2K |
| Sale | Common Stock | 100 | $18.495 | $2K |
| Sale | Common Stock | 207 | $18.50 | $4K |
| Sale | Common Stock | 100 | $18.505 | $2K |
| Sale | Common Stock | 100 | $18.51 | $2K |
| Sale | Common Stock | 1,054 | $18.52 | $20K |
| Sale | Common Stock | 6 | $18.53 | $111.18 |
| Sale | Common Stock | 388 | $18.54 | $7K |
| Sale | Common Stock | 7 | $18.55 | $129.85 |
| Sale | Common Stock | 10 | $18.555 | $185.55 |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
Holdings After Transaction:
Common Stock — 81,348 shares (Direct);
Restricted Stock Units-Service Based — 22,150 contracts (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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.
Key Figures
Shares sold: 2,072 shares
Sale price range: $18.46–$18.56 per share
Common shares held after: 83,320 shares
+3 more
6 metrics
Shares sold
2,072 shares
Total common stock sold on May 5, 2026
Sale price range
$18.46–$18.56 per share
Prices for open-market common stock sales
Common shares held after
83,320 shares
Direct First Commonwealth common stock ownership post-sale
2024 RSU award
6,850 underlying shares
Service-based RSUs vesting after three years, 1-for-1 into common
2025 RSU award
7,300 underlying shares
Service-based RSUs vesting after three years, 1-for-1 into common
2026 RSU award
8,000 underlying shares
Service-based RSUs vesting after three years, 1-for-1 into common
Key Terms
Restricted Stock Units-Service Based, open-market sale, vesting period, 1-for-1 basis
4 terms
Restricted Stock Units-Service Based financial
"Award in 2024 of service based stock units convertible into shares"
open-market sale financial
"Sale in open market or private transaction"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FCF executive James R. Reske report in this Form 4 filing?
EVP and CFO James R. Reske reported open-market sales of First Commonwealth Financial Corp. common stock. He sold 2,072 shares on May 5, 2026 at prices around $18.50 per share and updated his post-transaction holdings.
What restricted stock units (RSUs) does the FCF CFO hold according to the filing?
The filing shows service-based restricted stock units awarded in 2024, 2025, and 2026. These RSUs are convertible into 6,850, 7,300, and 8,000 shares of FCF common stock, respectively, on a 1-for-1 basis after a three-year vesting period for each award.
Are the FCF CFO’s restricted stock units immediately convertible into common stock?
No, the RSUs are service based and vest over time. Each award converts into First Commonwealth common stock on a 1-for-1 basis at the end of a three-year vesting period, as described for the 2024, 2025, and 2026 grants.
Does this FCF Form 4 include any option exercises or tax-withholding transactions?
The reported activity consists of open-market sales of common stock and updated holdings of service-based RSUs. The transaction summary in the data shows no derivative exercises and no tax-withholding entries associated with these particular transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
