Sohocki Brian J 4
Research Summary
AI-generated summary
First Commonwealth (FCF) EVP Brian Sohocki Withholds 855 Shares
What Happened
Brian J. Sohocki, Executive Vice President and Chief Credit Officer of First Commonwealth Financial Corp. (FCF), had 855 shares withheld by the issuer on March 27, 2026 to satisfy tax withholding related to the vesting of restricted stock/stock units. The Form 4 reports the withholding as disposition code F, at a per-share value of $0.00 (total reported value $0).
Key Details
- Transaction date: 2026-03-27. Report filed: 2026-03-30 (Form 4 accession 0002034124-26-000005).
- Reported action: Shares withheld by issuer to pay tax liability (code F). Quantity: 855 shares; price reported: $0.00; reported value: $0.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 notes shares were withheld to pay tax liability on vesting. F2 and F3 indicate the underlying awards were service-based stock units granted in 2025 and 2026 that convert 1-for-1 to common shares after a 3-year vesting period.
- This is a tax-withholding disposition (not an open-market sale) and is routine following vesting.
Context
Withholding shares to cover taxes is a common administrative step when restricted stock or RSUs vest; it reduces the number of shares issued to the insider rather than representing a market sale that signals buying or selling intent. The filing shows no cash proceeds or open-market transaction associated with these shares.