Sohocki Brian J 4
Research Summary
AI-generated summary
First Commonwealth (FCF) EVP Brian Sohocki Receives Stock Award
What Happened
- Brian J. Sohocki, Executive Vice President & Chief Credit Officer of First Commonwealth Financial Corp (FCF), was granted 5,000 service-based restricted stock units (RSUs) on 2026-03-11. The award is reported as a derivative grant (transaction code A) and has no per-share price (N/A) because it is not an open-market purchase or sale. These RSUs convert to shares of FCF common stock on a 1-for-1 basis after a three-year service vesting period.
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (appears timely).
- Amount: 5,000 RSUs (derivative award); price: N/A (not an immediate cash transaction).
- Shares owned after transaction: Not reported in the provided extract.
- Footnotes: F2 describes this 2026 award as service-based stock units converting 1-for-1 after a 3-year vest; F1 references a separate 2025 award with similar terms.
- Filing timeliness: Filed the day after the grant; within normal Form 4 reporting windows.
Context
- RSU grants are compensation awards that typically vest over time and do not represent immediately tradable shares; they convert to common stock upon vesting. Such awards are routine components of executive compensation and do not by themselves indicate an immediate buy or sell decision in the market.