Reske James R 4

What Happened

• James R. Reske, Chief Financial Officer of First Commonwealth Financial Corp (FCF), was granted 6,850 derivative shares in the form of service-based stock units (RSUs) on March 11, 2026. The grant is recorded as a derivative award (Form 4 code A); no per-share price or immediate cash value is reported because these are equity awards that vest over time.

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-12 (timely filing).
• Transaction type: Award / Grant of RSUs (derivative), code A.
• Shares/units granted: 6,850 RSUs; acquisition price/value: N/A on the Form 4.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes in the filing:
  • F1: 2024 award of service-based stock units convertible 1-for-1 after a 3-year vesting period.
  • F2: 2025 award of service-based stock units convertible 1-for-1 after a 3-year vesting period.
  • F3: 2026 award of service-based stock units convertible 1-for-1 after a 3-year vesting period (applies to this grant).
• No indication of a sale or cashless transaction; these are long-term compensation awards (not immediate liquidity events).

Context

• These RSUs typically convert into common shares on a 1-for-1 basis after a three-year service vesting period, so they do not represent immediate share purchases or sales. Such grants are common executive compensation and are not direct market signals of buying or selling.