Riggle Carrie L 4/A
Research Summary
AI-generated summary
First Commonwealth (FCF) EVP Carrie Riggle Has 4,309 Shares Withheld
What Happened
- Carrie L. Riggle, EVP—Human Resources of First Commonwealth Financial Corp (FCF), had 4,309 shares withheld by the company on 2026-01-27 to satisfy tax withholding obligations tied to the 2023–2025 Long-Term Incentive Plan. The filing records the transaction as a disposition (code F) at $0.00 per share, with no cash proceeds reported.
- This was a tax-withholding (share retention) related to an award, not an open-market sale.
Key Details
- Transaction date: 2026-01-27; Transaction type: F (payment of exercise price or tax liability / shares withheld).
- Shares involved: 4,309 shares withheld; Price per share reported: $0.00; Reported cash proceeds: $0.
- Footnote: Shares were held by the issuer to satisfy tax withholding obligations under the 2023–2025 Long-Term Incentive Plan (F1).
- Filing status: This is an amended Form 4 filed 2026-02-06 that corrects the number of shares held by the issuer to satisfy withholding and the amount of securities beneficially owned reported in the original Form 4 (originally filed Jan 28, 2026). The amendment does not indicate a late original reporting beyond the uploaded correction.
- Securities beneficially owned following the transaction: amended/corrected on the Form 4; the exact post-transaction total is not specified in this summary excerpt.
Context
- Share withholding to cover taxes is routine following option exercises or award vesting; it reduces reported beneficial ownership but is not a market sale and does not provide proceeds to the insider.
- For retail investors, tax-withholding dispositions are generally administrative and less informative about insider sentiment than open-market purchases or sales.