[Form 4] FIRST COMMONWEALTH FINANCIAL CORP /PA/ Insider Trading Activity

Rhea-AI Filing Summary

James R. Reske, EVP and Chief Financial Officer of First Commonwealth Financial Corp. (FCF), reported a series of open-market sales on 10/06/2025 executed under a trading plan adopted 3/20/2025. The filings list multiple small sales that sum to 2,190 shares sold at prices ranging from $16.86 to $17.08, leaving reported direct beneficial ownership at 85,866 shares after the transactions. The filing also discloses outstanding service-based restricted stock units convertible 1-for-1 totaling 22,300 shares (7,000 from 2023, 8,000 from 2024, and 7,300 from 2025) that vest after their respective three-year service periods.

Positive

• Sales executed under a Rule 10b5-1 trading plan adopted 3/20/2025
• Retains 22,300 unvested RSUs convertible 1-for-1 on scheduled vesting
• Continues to hold 85,866 direct shares after the reported transactions

Negative

• Officer sold 2,190 shares on 10/06/2025 via multiple small transactions
• Sales reduced direct holdings to 85,866 shares, modestly lowering insider ownership
• Potential future dilution of 22,300 shares as RSUs vest over three-year schedules

Insights

Equity Trading Expert

Small, systematic sales under a 10b5-1 plan reduced holdings by 2,190 shares on one day.

The reported transactions are a sequence of planned open-market sales executed at prices between $16.86 and $17.08 on 10/06/2025, totaling 2,190 shares. Using a pre-established trading plan provides an affirmative defense under Rule 10b5-1, which typically aims to avoid timing claims.

Watch near-term liquidity effects and share count: the officer still holds 85,866 direct shares plus 22,300 unvested RSUs that may increase dilution when they vest over the next three-year schedules.

Corporate Governance Expert

Officer sales followed an adopted trading plan; material corporate governance implications are limited.

Sales were disclosed as executed pursuant to a trading plan adopted 3/20/2025, which is standard governance practice to manage insider transactions. The form identifies the filer as an executive officer (EVP/CFO) and lists the sales and remaining direct ownership.

Monitor vesting timelines for the 22,300 RSUs from awards in 2023, 2024, and 2025, since those conversions could affect future insider ownership percentages and potential dilution over the next three years.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reske James R

(Last) (First) (Middle)

601 PHILADELPHIA STREET

(Street)

INDIANA PA 15701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST COMMONWEALTH FINANCIAL CORP /PA/ [ FCF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP/Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/06/2025		S		36	D	$16.86	88,020	D
Common Stock	10/06/2025		S		64	D	$16.88	87,956	D
Common Stock	10/06/2025		S		108	D	$16.89	87,848	D
Common Stock	10/06/2025		S		36	D	$16.92	87,812	D
Common Stock	10/06/2025		S		144	D	$16.93	87,668	D
Common Stock	10/06/2025		S		72	D	$16.94	87,596	D
Common Stock	10/06/2025		S		36	D	$16.95	87,560	D
Common Stock	10/06/2025		S		180	D	$16.96	87,380	D
Common Stock	10/06/2025		S		108	D	$16.97	87,272	D
Common Stock	10/06/2025		S		82	D	$16.98	87,190	D
Common Stock	10/06/2025		S		41	D	$16.99	87,149	D
Common Stock	10/06/2025		S		116	D	$17	87,033	D
Common Stock	10/06/2025		S		36	D	$17.005	86,997	D
Common Stock	10/06/2025		S		108	D	$17.01	86,889	D
Common Stock	10/06/2025		S		238	D	$17.02	86,651	D
Common Stock	10/06/2025		S		425	D	$17.03	86,226	D
Common Stock	10/06/2025		S		36	D	$17.035	86,190	D
Common Stock	10/06/2025		S		38	D	$17.04	86,152	D
Common Stock	10/06/2025		S		132	D	$17.05	86,020	D
Common Stock	10/06/2025		S		118	D	$17.06	85,902	D
Common Stock	10/06/2025		S		6	D	$17.07	85,896	D
Common Stock	10/06/2025		S		30	D	$17.08	85,866	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units-Service Based	(1)							(1)	(1)	Common Stock	7,000		7,000	D
Restricted Stock Units-Service Based	(2)							(2)	(2)	Common Stock	8,000		15,000	D
Restricted Stock Units-Service Based	(3)							(3)	(3)	Common Stock	7,300		22,300	D

Explanation of Responses:

1. Award in 2023 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.

2. 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.

3. 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.

Remarks:

Sales made pursuant to trading plan adopted March 20, 2025

	/s/ Matthew C. Tomb POA for James R. Reske	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FCF insider James R. Reske report on Form 4 (FCF)?

The Form 4 shows multiple open-market sales on 10/06/2025 totaling 2,190 shares at prices between $16.86 and $17.08, and remaining direct ownership of 85,866 shares.

Were the sales by James R. Reske planned under a trading plan?

Yes. The filing states the sales were made pursuant to a trading plan adopted on 3/20/2025, indicating an attempted affirmative defense under Rule 10b5-1.

How many unvested RSUs does the reporting person have?

The filing discloses service-based restricted stock units totaling 22,300 shares: 7,000 from 2023, 8,000 from 2024, and 7,300 from 2025, each on three-year vesting schedules.

What prices were realized in the reported transactions?

Transaction prices listed range from $16.86 up to $17.08 per share across the multiple sales on 10/06/2025.

Does the filing indicate any indirect ownership or related-party holdings?

All reported ownership and transactions are marked as direct (D); the filing does not list indirect holdings or other beneficial ownership forms.