Montgomery Norman J 4

What Happened

• Norman J. Montgomery, EVP of Business Integration at First Commonwealth Financial Corp (FCF), received 18,600 shares on 2026-01-27 as the settlement of performance and service-based restricted stock units (reported as Transaction Code A). Those shares were reported at $0.00 per share in the filing. The same filing shows 8,530 shares withheld by the issuer to satisfy tax withholding (Code F) and a separate conversion/exercise of derivative holdings affecting 6,200 shares (Code M), also reported at $0.00.
• Per the filing math, 18,600 shares were issued and 8,530 were withheld for taxes and 6,200 reported as converted/disposed, leaving a net increase of 3,870 shares delivered to Montgomery (as reflected in the transaction entries). The transactions are RSU settlements and related withholding, not open-market purchases or sales.

Key Details

• Transaction date: 2026-01-27 (Form 4 filed 2026-01-28 — timely filing).
• Entries and amounts: A — 18,600 shares @ $0.00 (acquired); F — 8,530 shares @ $0.00 (withheld for taxes/ disposed); M — 6,200 shares @ $0.00 (exercise/conversion of derivative, disposed).
• Reported dollar value: $0.00 for each line (typical for RSU conversions where per-share price is reported as $0.00 on the form).
• Shares owned after transaction: not explicitly stated in the provided summary of the filing beyond the net effect shown by these entries.
• Footnotes: F1 indicates shares were issued as settlement of performance and service-based RSUs under the 2023–2025 Long-Term Incentive Plan; F2 confirms 8,530 shares were held by the issuer to satisfy tax withholding; F3–F5 describe service-based stock units awarded in 2023–2025 that convert on a 1-for-1 basis after a three-year vesting period.

Context

• These entries reflect RSU settlements and related tax withholding, not an open-market buy or sell by the insider. The M code indicates conversion/exercise of derivative units; here that conversion/transaction is reported as a disposition in the same filing (consistent with RSU vesting and related adjustments). Such awards and withholdings are routine forms of executive compensation and tax settlement rather than a direct signal of buying or selling intent.