Grebenc Jane 4
Research Summary
AI-generated summary
First Commonwealth (FCF) EVP Jane Grebenc Sells 18,598 Shares
What Happened Jane Grebenc, EVP/Chief Revenue Officer and a director of First Commonwealth Financial Corp (FCF), reported three open-market sales on 2026-02-06 totaling 18,598 shares. The sales were for 5,000 shares at $18.86 ($94,284), 5,000 shares at $18.85 ($94,237), and 8,598 shares at $18.85 ($162,086), for aggregate proceeds of approximately $350,607. These were sales (dispositions), which are often routine insider liquidity events rather than a direct bullish signal.
Key Details
- Transaction date: 2026-02-06 (filed on 2026-02-09) — filing appears timely under Form 4 rules.
- Individual sales: 5,000 @ $18.86 ($94,284); 5,000 @ $18.85 ($94,237); 8,598 @ $18.85 ($162,086).
- Total shares sold: 18,598; total proceeds: ~$350,607; average price ≈ $18.85.
- Shares owned after transaction: not specified in the information provided.
- Footnotes: F1 and F2 note service-based stock unit awards (2024 and 2025) that convert 1-for-1 into common shares at the end of a 3-year vesting period.
- Transaction code: S = Sale (open market or private sale).
Context Sales by executives can be for many personal or tax reasons and do not by themselves indicate company performance. The filing shows these were outright sales rather than option exercises or awards being converted and sold. Retail investors should consider insider trades alongside company fundamentals and broader insider activity.