First Commonwealth (FCF) EVP sells 37,964 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Commonwealth Financial (FCF) executive Norman J. Montgomery, EVP/Business Integration, reported open-market sales of company common stock. On April 30 and May 1, 2026, he sold a total of 37,964 shares in multiple transactions at prices around the high‑$18 range per share. After these sales, he still directly holds 50,104 shares of common stock. In addition, he holds several service-based restricted stock unit awards from 2024, 2025, and 2026, each convertible into First Commonwealth common stock on a 1‑for‑1 basis after a three‑year vesting period, covering 5,250, 5,750, and 6,300 underlying shares respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,964 shares ($696,764)
Net Sell
13 txns
Insider
Montgomery Norman J
Role
EVP/Business Integration
Sold
37,964 shs ($697K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,841 | $18.378 | $126K |
| Sale | Common Stock | 3,592 | $18.3113 | $66K |
| Sale | Common Stock | 133 | $18.4442 | $2K |
| Sale | Common Stock | 1,090 | $18.4441 | $20K |
| Sale | Common Stock | 237 | $18.4441 | $4K |
| Sale | Common Stock | 1,071 | $18.4441 | $20K |
| Sale | Common Stock | 6,916 | $18.3432 | $127K |
| Sale | Common Stock | 7,546 | $18.3294 | $138K |
| Sale | Common Stock | 7,207 | $18.3363 | $132K |
| Sale | Common Stock | 3,331 | $18.3905 | $61K |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
| holding | Restricted Stock Units-Service Based | -- | -- | -- |
Holdings After Transaction:
Common Stock — 56,227 shares (Direct, null);
Restricted Stock Units-Service Based — 6,300 shares (Direct, null)
Footnotes (1)
- 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. 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. Award in 2026 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.
Key Figures
Total shares sold: 37,964 shares
Post-sale common stock holding: 50,104 shares
Sample sale price: $18.4442 per share
+4 more
7 metrics
Total shares sold
37,964 shares
Net open-market sales on April 30 and May 1, 2026
Post-sale common stock holding
50,104 shares
Direct ownership after May 1, 2026 transactions
Sample sale price
$18.4442 per share
Common stock sale on May 1, 2026
Additional sale price
$18.3113 per share
Common stock sale on May 1, 2026
2024 RSU underlying shares
5,250 shares
Service-based stock units, 3-year vesting period
2025 RSU underlying shares
5,750 shares
Service-based stock units, 3-year vesting period
2026 RSU underlying shares
6,300 shares
Service-based stock units, 3-year vesting period
Key Terms
open-market sale, Restricted Stock Units-Service Based, service based stock units, vesting period, +1 more
5 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Restricted Stock Units-Service Based financial
"security_title: Restricted Stock Units-Service Based"
service based stock units financial
"Award in 2024 of service based stock units convertible"
vesting period financial
"on a 1-for-1 basis at the end of a 3 year vesting period"
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
1-for-1 basis financial
"convertible into shares of FCF common stock on a 1-for-1 basis"
FAQ
What insider transaction did FCF executive Norman J. Montgomery report?
Norman J. Montgomery, EVP/Business Integration at First Commonwealth Financial (FCF), reported open-market sales of company common stock. Across April 30 and May 1, 2026, he sold a combined 37,964 shares in multiple transactions disclosed in the Form 4 filing.
What restricted stock units (RSUs) does Norman J. Montgomery hold at FCF?
Montgomery holds service-based restricted stock units awarded in 2024, 2025, and 2026. Footnotes state these stock units convert into FCF common stock on a 1‑for‑1 basis after a three‑year vesting period, covering 5,250, 5,750, and 6,300 underlying shares.
Are Norman J. Montgomery’s First Commonwealth (FCF) RSUs currently exercisable?
The filing describes Montgomery’s awards as service based stock units from 2024, 2025, and 2026 that are convertible on a 1‑for‑1 basis into FCF common stock at the end of a three‑year vesting period, indicating they vest and become deliverable after that period.