Riggle Carrie L 4
4 · FIRST COMMONWEALTH FINANCIAL CORP /PA/ · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
First Commonwealth (FCF) EVP Carrie Riggle Receives Stock Award
What Happened Carrie L. Riggle, Executive Vice President – Human Resources at First Commonwealth Financial Corp (FCF), received a grant of 4,050 service-based stock units on 2026-03-11. These units are derivative awards (no cash purchase) and convert into common shares on a 1-for-1 basis after a three-year service-based vesting period (see footnote F3). The filing lists the award but does not report an immediate cash value or share sale.
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (timely filing).
- Transaction type/code: A = Award/Grant of derivative units; price: N/A.
- Units granted: 4,050 service-based stock units (convertible 1-for-1 into FCF common stock after 3 years).
- Shares owned after transaction: Not specified in the supplied filing details.
- Relevant footnotes: F3 describes the 2026 award’s 3-year vesting; F1 and F2 note prior service-based unit awards in 2024 and 2025 with similar 3-year vesting.
- No indication of a 10b5-1 plan, cashless exercise, tax withholding sale, or late filing.
Context Service-based stock units are compensation awards that become company shares only after meeting vesting/service requirements; they are retention-focused and not an immediate market purchase or sale. Because these units vest over three years, they signal long-term compensation alignment rather than a near-term bullish or bearish trade by the insider.
Insider Transaction Report
- Award
Restricted Stock Units-Service Based
[F3]2026-03-11+4,050→ 11,950 total→ Common Stock (4,050 underlying)
- 63,161
Common Stock
- 3,850
Restricted Stock Units-Service Based
[F1]→ Common Stock (3,850 underlying) - 7,900
Restricted Stock Units-Service Based
[F2]→ Common Stock (4,050 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.