McCuen Michael P 4

What Happened
Michael P. McCuen, EVP & Chief Banking Officer of First Commonwealth Financial Corp (FCF), received a grant of 6,500 derivative stock units on March 11, 2026 (transaction code A). The filing shows no purchase price (N/A) because this was an award/grant rather than an open‑market trade. Per the filing, the 2026 award is a service‑based stock unit convertible 1-for-1 into FCF common shares after a three‑year vesting period (see footnote F4).

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (timely filing).
• Transaction type/code: Award/Grant (A); amount: 6,500 stock units; price: N/A (derivative).
• Shares/units reported as beneficially owned after transaction: Form notes at least 38,000 restricted shares currently included (8,000 vest 9/11/2026; 30,000 vest in installments 7/1/2026 and 7/1/2027) plus prior service‑based awards from 2024 and 2025; the new 6,500 units are additional derivative awards.
• Relevant footnotes: F1 (restricted stock vesting schedule), F2 & F3 (2024 and 2025 service‑based stock unit awards), F4 (2026 award vests after 3 years, convertible 1-for-1).
• No indication of tax withholding, sale, or 10b5-1 plan in this filing.

Context
This was a compensation award (service‑based stock units), not an open‑market purchase or sale. The units are derivative and will convert into common shares only after the stated vesting period, so the grant signals typical executive compensation/retention rather than an immediate change in insider holdings or market sentiment.