Grebenc Jane 4

What Happened

Jane Grebenc, EVP/Chief Revenue Officer and a director of First Commonwealth Financial Corp. (FCF), was issued 23,550 shares on January 27, 2026 as settlement of performance- and service-based restricted stock units under the company's 2023–2025 Long-Term Incentive Plan. The filing reports the award at $0.00 per share (reported value $0). On the same date 10,338 shares were disposed/withheld to satisfy tax withholding obligations, and 7,850 shares were reported as the conversion/exercise of derivative awards (also reported at $0.00).

Key Details

• Transaction date: January 27, 2026; SEC filing date: January 28, 2026 (appears timely).
• Reported amounts and codes:
  • A (Award/Grant): +23,550 shares @ $0.00 (acquired)
  • F (Tax withholding): -10,338 shares @ $0.00 (disposed; issuer held to satisfy taxes)
  • M (Exercise/conversion of derivative): -7,850 shares @ $0.00 (disposed/converted)
• Filing reports $0.00 per-share/exercise price and $0 total value (standard for RSU settlements where no cash exercise price is paid).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1–F5 indicate these shares stem from service- and performance-based stock units awarded in 2023–2025 under the LTIP and that some shares were withheld by the issuer for tax obligations.

Context

This filing reflects routine equity compensation activity (RSU settlement and related tax withholding/conversion), not an open-market purchase or voluntary sale. The 10,338-share withholding is a tax-related disposition (code F), and the 7,850-share line (code M) reflects conversion/exercise of derivative awards; neither necessarily indicates a change in insider sentiment. For retail investors, awards/vests are common forms of executive pay and should be viewed separately from open-market insider buys or sells.