Montgomery Norman J 4/A
Research Summary
AI-generated summary
First Commonwealth (FCF) EVP Norman J. Montgomery Withholds 10,070 Shares
What Happened
- Norman J. Montgomery, Executive Vice President, Business Integration of First Commonwealth Financial Corp. (FCF), had 10,070 shares withheld on Jan. 27, 2026 to satisfy tax withholding obligations related to the company's 2023–2025 Long-Term Incentive Plan. The filing reports a price of $0.00 and $0 total proceeds, reflecting a tax-withholding/settlement rather than an open-market sale.
Key Details
- Transaction date: 2026-01-27
- Transaction type/code: Tax withholding to satisfy tax liability (code F); reported price $0.00 for 10,070 shares
- Footnote: F1 — shares were held by the issuer to satisfy tax withholding obligations under the 2023–2025 LTIP
- Filing status: This is an amended Form 4 (filed Feb. 6, 2026) correcting the number of shares held for tax withholding and the “Securities Beneficially Owned Following Reported Transaction” reported in the Form 4 filed Jan. 28, 2026
Context
- This was a tax-withholding/cashless-type settlement tied to an equity award — not an open-market sale or purchase. Such withholdings are routine when companies issue shares under compensation plans and do not necessarily signal the insider’s view of the stock. The amendment corrects reporting details from the earlier Form 4; the transaction itself was reported via the amended filing.