Metzmaier Linda D 4
4 · FIRST COMMONWEALTH FINANCIAL CORP /PA/ · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
First Commonwealth (FCF) EVP Linda Metzmaier Receives 4,200-Unit Award
What Happened
Linda D. Metzmaier, EVP and Chief Risk Officer of First Commonwealth Financial Corp. (FCF), was granted 4,200 derivative units (an award/grant) on March 11, 2026. The filing lists this as an award (transaction code A) rather than a cash purchase or sale; no per-share price or cash value is reported because these are service-based stock units convertible into common shares after vesting.
Key Details
- Transaction date: 2026-03-11; Form 4 filed 2026-03-12 (timely filing).
- Transaction type: Award/Grant (derivative units), 4,200 units; price shown as N/A.
- Vesting/conversion: Footnote F4 states these are service-based stock units convertible 1-for-1 into FCF common stock at the end of a 3-year vesting period.
- Other holdings noted in footnotes: F1 — 6,666 restricted shares vesting in equal installments on Jan 1, 2027 and Jan 1, 2028; F2 — 91 shares from dividend reinvestment (Feb 2026); F3 — a 2025 award of service-based stock units subject to a 3-year vesting.
- The filing does not state a single total "shares owned after transaction"; instead it discloses the components above.
- No indication of tax withholding, 10b5-1 plan, or late filing in this report.
Context
These units are a compensation award and will convert into common shares only after the stated vesting period (three years). Such grants are routine executive compensation and do not represent an immediate market purchase or sale.
Insider Transaction Report
- Award
Restricted Stock Units-Service Based
[F4]2026-03-11+4,200→ 7,650 total→ Common Stock (4,200 underlying)
- 21,317
Common Stock
[F1][F2] - 3,450
Restricted Stock Units-Service Based
[F3]→ Common Stock (3,450 underlying)
Footnotes (4)
- [F1]Securities Beneficially Owned includes 6,666 shares of restricted stock which vest in equal installments on each of January 1, 2027 and January 1, 2028, in each case subject to the terms of Restricted Stock Agreements entered into between the Issuer and the Reporting Person.
- [F2]Includes 91 shares purchased from the automatic reinvestment of dividends in February 2026 as a participant in First Commonwealth's dividend reinvestment plan.
- [F3]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.
- [F4]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.