Price T Michael 4

What Happened

• T Michael Price, President & CEO and a director of First Commonwealth Financial Corp (FCF), received 41,400 shares on January 27, 2026 as settlement of restricted stock units (RSUs) under the company's 2023–2025 Long-Term Incentive Plan. The filing shows a $0.00 per-share price and $0 total value for the award.
• On the same date, 22,037 shares were withheld by the issuer to satisfy tax withholding obligations (reported as a disposition at $0), and 13,800 shares were reported as an exercise/conversion of a derivative (reported at $0). These transactions are compensation-related, not open-market purchases or sales.

Key Details

• Transaction date: January 27, 2026; Form 4 filed January 28, 2026 (timely filing).
• Award (code A): 41,400 shares @ $0.00 (issued as RSU settlement under the 2023–2025 LTIP) — footnote F1.
• Tax withholding (code F): 22,037 shares @ $0.00 withheld by issuer to satisfy tax obligations — footnote F2.
• Exercise/conversion (code M): 13,800 shares @ $0.00 converted from derivative/units — footnote F3 indicates 2023 service-based units converted 1-for-1 after a 3-year vesting period.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• No cash proceeds or open-market trades were reported; reported $0 values reflect issuance/conversion and withholding.

Context

• These transactions reflect routine compensation mechanics: RSU settlement, conversion of vested service-based units, and employer share-withholding for taxes. They do not indicate an open-market purchase (bullish) or sale (liquidity-driven) by the insider.
• Footnotes note the RSU awards include performance- and service-based units (F1) and additional service-based awards from 2023–2025 that vest on a 3‑year schedule (F3–F5).