Reske James R 4
4 · FIRST COMMONWEALTH FINANCIAL CORP /PA/ · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
First Commonwealth (FCF) CFO James R. Reske Sells Shares
What Happened
James R. Reske, Chief Financial Officer of First Commonwealth Financial Corp. (FCF), sold a total of 2,072 shares in multiple open-market transactions on July 6, 2026. The sales occurred at prices ranging from $20.44 to $20.57 per share, producing total gross proceeds of $42,484. These were sales (not purchases) and were executed pursuant to a pre-established trading plan.
Key Details
- Transaction date: July 6, 2026; Form 4 filed July 7, 2026 (timely filing).
- Prices: $20.44–$20.57 per share.
- Shares sold: 2,072 shares; total proceeds: $42,484.
- Method: Reported as open market or private sale entries on the Form 4; remark states sales were made pursuant to a trading plan adopted March 20, 2025.
- Footnotes F1–F3: Describe prior awards (2024, 2025, 2026) of service-based stock units that convert 1-for-1 into common shares after a three-year vesting period.
- Shares owned after the transactions: not specified in the provided filing.
Context
Insider sales executed under a pre-established trading plan are often scheduled transactions and do not alone indicate the insider’s view of the company. Purchases are generally watched more closely as potential bullish signals; routine sales like these are common for tax, diversification, or liquidity reasons.
Insider Transaction Report
- Sale
Common Stock
2026-07-06$20.44/sh−100$2,044→ 79,176 total - Sale
Common Stock
2026-07-06$20.45/sh−250$5,111→ 78,926 total - Sale
Common Stock
2026-07-06$20.45/sh−60$1,227→ 78,866 total - Sale
Common Stock
2026-07-06$20.45/sh−50$1,023→ 78,816 total - Sale
Common Stock
2026-07-06$20.46/sh−60$1,228→ 78,756 total - Sale
Common Stock
2026-07-06$20.48/sh−40$819→ 78,716 total - Sale
Common Stock
2026-07-06$20.48/sh−32$655→ 78,684 total - Sale
Common Stock
2026-07-06$20.48/sh−50$1,024→ 78,634 total - Sale
Common Stock
2026-07-06$20.49/sh−180$3,688→ 78,454 total - Sale
Common Stock
2026-07-06$20.50/sh−190$3,894→ 78,264 total - Sale
Common Stock
2026-07-06$20.52/sh−90$1,846→ 78,174 total - Sale
Common Stock
2026-07-06$20.52/sh−90$1,847→ 78,084 total - Sale
Common Stock
2026-07-06$20.53/sh−280$5,748→ 77,804 total - Sale
Common Stock
2026-07-06$20.54/sh−220$4,518→ 77,584 total - Sale
Common Stock
2026-07-06$20.54/sh−100$2,054→ 77,484 total - Sale
Common Stock
2026-07-06$20.55/sh−70$1,439→ 77,414 total - Sale
Common Stock
2026-07-06$20.56/sh−70$1,439→ 77,344 total - Sale
Common Stock
2026-07-06$20.57/sh−140$2,880→ 77,204 total
- 8,000
Restricted Stock Units-Service Based
[F1]→ Common Stock (8,000 underlying) - 15,300
Restricted Stock Units-Service Based
[F2]→ Common Stock (7,300 underlying) - 22,150
Restricted Stock Units-Service Based
[F3]→ Common Stock (6,850 underlying)
Footnotes (3)
- [F1]Award in 2024 of service based stock units convertible into shares of FCF common stock on a 1-for-1 basis at the end of a 3 year vesting period.
- [F2]Award in 2025 of service based stock units convertible into shares of FCF common stock on a 1-for-1 basis at the end of a 3 year vesting period.
- [F3]Award in 2026 of service based stock units convertible into shares of FCF common stock on a 1-for-1 basis at the end of a 3 year vesting period.