First Commonwealth exec has 2,312 shares withheld
Rhea-AI Filing Summary
FIRST COMMONWEALTH FINANCIAL CORP (FCF) executive vice president and chief banking officer Michael P. McCuen reported that on September 11, 2026, 2,312 shares of common stock were withheld by the company to cover his tax liability arising from the vesting of restricted stock. Following this withholding, he directly holds 44,964 shares of common stock, which include 15,000 shares of restricted stock scheduled to vest on July 1, 2027, under restricted stock agreements. He also holds several service‑based restricted stock unit awards from 2024, 2025, and 2026 that are each convertible into common shares on a one‑for‑one basis after a three‑year vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 2,312 shares
Tax Withholding
4 txns
Insider
McCuen Michael P
Role
EVP/Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 2,312 | $0.00 | $0.00 |
| holding | Restricted Stock Units-Service Based F3 | -- | -- | -- |
| holding | Restricted Stock Units-Service Based F4 | -- | -- | -- |
| holding | Restricted Stock Units-Service Based F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 44,964 shares (Direct);
Restricted Stock Units-Service Based — 40,700 contracts for 20,200 underlying shares (Direct)
Footnotes (5)
- F1. Shares withheld by the issuer to pay tax liability in connection with the vesting of restricted stock.
- F2. Securities Beneficially Owned includes 15,000 shares of restricted stock which vest on July 1, 2027, subject to the terms of Restricted Stock Agreements entered into between the Issuer and the Reporting Person.
- F3. 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.
- F4. 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.
- F5. 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 withheld for taxes: 2,312 shares
Direct common shares after transaction: 44,964 shares
Unvested restricted stock: 15,000 shares
+3 more
6 metrics
Shares withheld for taxes
2,312 shares
Common shares withheld on September 11, 2026 to pay tax liability on vesting restricted stock
Direct common shares after transaction
44,964 shares
Direct holdings of FIRST COMMONWEALTH FINANCIAL CORP common stock following the September 11, 2026 transaction
Unvested restricted stock
15,000 shares
Restricted shares beneficially owned that vest on July 1, 2027 under restricted stock agreements
2024 service-based RSU underlying shares
6,800 shares
Service-based stock units awarded in 2024, convertible into common stock on a 1-for-1 basis after three-year vesting
2025 service-based RSU underlying shares
6,900 shares
Service-based stock units awarded in 2025, convertible into common stock on a 1-for-1 basis after three-year vesting
2026 service-based RSU underlying shares
6,500 shares
Service-based stock units awarded in 2026, convertible into common stock on a 1-for-1 basis after three-year vesting
Key Terms
Restricted Stock Units-Service Based, tax liability, Securities Beneficially Owned, vesting period
4 terms
Restricted Stock Units-Service Based financial
"Award in 2024 of service based stock units convertible into shares"
tax liability financial
"Shares withheld by the issuer to pay tax liability in connection"
Securities Beneficially Owned financial
"Securities Beneficially Owned includes 15,000 shares of restricted stock"
vesting period financial
"on a 1-for-1 basis 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FCF executive Michael P. McCuen report on September 11, 2026?
He reported that 2,312 shares of common stock were withheld by FIRST COMMONWEALTH FINANCIAL CORP on September 11, 2026 to pay his tax liability in connection with the vesting of restricted stock.
What restricted stock does Michael P. McCuen hold in FCF after this Form 4?
His beneficial holdings include 15,000 shares of restricted stock that are scheduled to vest on July 1, 2027, under restricted stock agreements between him and FIRST COMMONWEALTH FINANCIAL CORP.
What service-based RSU awards tied to FCF common stock does McCuen have?
He holds service-based restricted stock unit awards from 2024, 2025, and 2026 that are convertible into 6,800, 6,900, and 6,500 FCF common shares, respectively, on a 1-for-1 basis after each three-year vesting period.
Were McCuen’s FCF transactions reported under a Rule 10b5-1 trading plan?
No. The filing does not report any Rule 10b5‑1 trading plan in connection with Michael P. McCuen’s September 11, 2026 tax-withholding transaction or his restricted stock unit holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
