Lyon Lee E II 4

What Happened

• Lyon Lee E II, Executive Vice President and Chief Audit Executive of First Commonwealth Financial Corp (FCF), was granted 3,350 derivative units on 2026-03-11. The award is reported as an acquisition of derivative securities (no cash price is listed).
• These are service-based stock units that convert into one share of FCF common stock each at the end of a three-year vesting period (see footnote F1). This is a compensation/retention award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-12 (Accession: 0002091022-26-000002).
• Securities: 3,350 stock units (derivative); Price: N/A (award).
• Conversion: 1-for-1 into FCF common shares after a 3-year service-based vesting period (per footnote F1).
• Shares owned after the transaction: Not specified in the filing.
• No 10b5-1 plan, tax-withholding, or sale noted; this is a grant (code A) reported as an award.

Context

• Awards like these are common executive compensation/retention tools and do not represent an immediate market buy or sell. The economic benefit is realized only if and when units vest and convert to shares (and any applicable tax/withholding rules are satisfied).