GORNEY JON L 4
4 · FIRST COMMONWEALTH FINANCIAL CORP /PA/ · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
First Commonwealth (FCF) Director Jon Gorney Receives Award of 2,704 Shares
What Happened
Jon L. Gorney, a director of First Commonwealth Financial Corp. (FCF), was issued 2,704 shares on 2026-05-01 as payment under the company's Director Retainer Plan. The shares were valued at $18.41 each, for a total value of $49,781. This transaction is an award/acquisition (compensation), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-01
- Transaction type/code: Award/Acquisition (A)
- Shares issued: 2,704 at $18.41 per share; total value $49,781
- Shares owned after transaction: Not stated in the filing
- Footnotes:
- F1: Shares issued as payment of Mr. Gorney's director retainer based on NYSE/FCF closing price on 2026-04-30.
- F2: Filing notes inclusion of 315 shares purchased via automatic dividend reinvestment in Feb 2026 (participant in the company's DRIP).
- Filing timeliness: Report filed same day (2026-05-01); no late filing indicated.
Context
This was compensation for board service—routine for non-employee directors—and therefore reflects standard corporate governance/pay practice rather than a direct buy or sell signal. For retail investors, director retainer issuances are informative about how the company compensates directors and slightly dilutive, but they do not by themselves indicate insider sentiment about the stock price.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-01$18.41/sh+2,704$49,781→ 50,723 total
Footnotes (2)
- [F1]Shares issued as payment of Mr. Gorney's retainer for service as a director pursuant to the First Commonwealth Financial Corporation Director Retainer Plan (based on NYSE/FCF closing price on 04.30.26).
- [F2]Includes 315 shares purchased from the automatic reinvestment of dividends in February 2026 as a participant in First Commonwealth's dividend reinvestment plan.