First Commonwealth Financial Corp Names New Chief Accounting Officer

What Happened
First Commonwealth Financial Corporation announced the appointment of Phillip J. Graves Jr. as Chief Accounting Officer of the company and First Commonwealth Bank, and designated him as the company’s principal accounting officer, effective September 14, 2026. Mr. Graves joined the company on that date after serving as a Senior Manager at KPMG LLP from October 2021 to August 2026. The company disclosed no related-party arrangements or family ties and no transactions requiring disclosure under Item 404(a) of Regulation S‑K.

Key Details

• Appointment effective: September 14, 2026.
• Annual base salary: $275,000.
• Prior employer/title: KPMG LLP, Senior Manager (Oct 2021–Aug 2026).
• Change-of-control agreement: company will enter into an agreement providing one year of severance, consistent with other executive officers; final agreement to be filed as an exhibit to the company’s Form 10‑Q for the quarter ending Sept 30, 2026.

Why It Matters
The principal accounting officer plays a central role in preparing and assuring the accuracy of financial reports and internal controls. Investors should note the leadership change in the accounting function and the compensation/severance terms disclosed; the new officer’s recent Big Four audit experience may affect the company’s financial reporting and audit interactions. The filing reports no conflicts of interest or related-party transactions tied to this appointment.