First Commonwealth (FCF) EVP Jane Grebenc Receives 7,250 Share Award

What Happened Jane Grebenc, EVP/Chief Revenue Officer and a director of First Commonwealth Financial Corp (FCF), received an award of 7,250 derivative shares on March 11, 2026. The filing reports this as an "A" (award/grant) transaction — no purchase price is listed because these are service-based stock units (derivatives), not an open-market buy. These units convert to FCF common shares on a 1-for-1 basis after a three-year vesting period.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (appears timely under Form 4 rules).
• Transaction code: A (award/grant). Shares acquired: 7,250 derivative units; price: N/A.
• Shares owned after transaction: Not disclosed in the provided filing data.
• Footnotes:
  • F3: This 2026 award is a service-based stock unit convertible 1-for-1 after a 3-year vesting period.
  • F1/F2: The filing also references prior similar awards from 2024 and 2025 with the same 3‑year service-based conversion terms.
• No tax-withholding sale or immediate sale reported in this filing.

Context

• These are restricted stock units (RSUs)/service-based stock units: they represent a future right to receive shares if vesting conditions (typically continued service) are met. They are derivative awards, not an immediate purchase or sale.
• Awards are a common form of executive compensation and do not by themselves indicate a buy/sell market sentiment.