Price T Michael 4

What Happened T. Michael Price, President & CEO and a director of First Commonwealth Financial Corp (FCF), received a grant of 14,000 service-based stock units on 2026-03-11. The award is reported as a derivative acquisition (transaction code A); no purchase price applies. According to the filing, these units convert into FCF common shares on a 1-for-1 basis at the end of a three-year vesting period.

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-12 (timely filing).
• Transaction type/code: Grant/Award (A), derivative security (stock units); price: N/A.
• Units granted: 14,000 service-based stock units (convertible 1-for-1 into common shares after 3 years).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes: F3 describes this 2026 award’s 3-year service-based vesting; F1 and F2 refer to similar awards granted in 2024 and 2025.
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of shares in this filing.

Context This grant is a compensation award that vests over three years and does not represent an immediate cash purchase or sale. Derivative awards like these typically become actual shares only after vesting and are intended as long-term incentive compensation rather than a near-term market signal.