Montgomery Norman J 4
4 · FIRST COMMONWEALTH FINANCIAL CORP /PA/ · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
First Commonwealth (FCF) EVP Norman Montgomery Receives Award
What Happened Norman J. Montgomery, Executive Vice President — Business Integration at First Commonwealth Financial Corp (FCF), was granted 5,250 derivative awards (stock units) on 2026-03-11. The filing shows an "A" (award/grant) transaction for 5,250 units; no per-share price or immediate cash value is reported because these are restricted stock units (RSUs)/service-based units that convert to common shares after vesting. This is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (filed within the required reporting window).
- Transaction type: A (award/grant) — 5,250 restricted stock units (derivative).
- Price/Value: N/A in filing; these units are service-based and convert 1-for-1 to FCF common shares at vesting.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnotes: F3 describes this 2026 award as service-based stock units convertible 1-for-1 after a 3-year vesting period. Related prior awards noted: F1 (2024 award) and F2 (2025 award) with the same 3-year service vesting structure.
- Not a sale or exercise: No immediate sale, cashless exercise, or tax-withholding disposition reported.
Context These awards are typical executive compensation (service-based RSUs) and do not represent an open-market purchase or sale. The units generally convert into shares only after satisfying the stated vesting period (here, three years), so they do not necessarily reflect immediate share ownership, voting rights, or sale activity. The filing was made promptly (within SEC timing requirements).
Insider Transaction Report
- Award
Restricted Stock Units-Service Based
[F3]2026-03-11+5,250→ 17,300 total→ Common Stock (5,250 underlying)
- 88,068
Common Stock
- 6,300
Restricted Stock Units-Service Based
[F1]→ Common Stock (6,300 underlying) - 12,050
Restricted Stock Units-Service Based
[F2]→ Common Stock (5,750 underlying)
Footnotes (3)
- [F1]Award in 2024 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.
- [F2]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.
- [F3]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.