[Form 4] First Commonwealth Financial Corporation Insider Trading Activity

Rhea-AI Filing Summary

Michael P. McCuen, EVP/Chief Banking Officer of First Commonwealth Financial Corp (FCF), reported a personal purchase of 2,826 shares of FCF common stock on 09/03/2025 at a price of $17.67 per share, resulting in 59,021 shares beneficially owned after the transaction. The reported holdings include 8,000 restricted shares vesting on 09/11/2026 and 30,000 restricted shares vesting in equal installments on 07/01/2026 and 07/01/2027. The filing also discloses service-based restricted stock unit awards: 6,800 from 2024 and 6,900 from 2025 (total 13,700), each converting 1-for-1 after three-year vesting periods. The Form 4 was signed by a POA on 09/04/2025.

Positive

• Insider purchase recorded: 2,826 shares acquired at $17.67, showing executive personal investment in company equity
• Significant ownership alignment: total beneficial ownership of 59,021 shares including restricted stock and RSUs aligns executive compensation with shareholder value
• Clear vesting schedule disclosed: specific vesting dates for 8,000 restricted shares and 30,000 restricted shares provide transparency on future share issuance

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchased a modest number of shares, increasing direct ownership to 59,021 shares; notable unvested awards remain.

The purchase of 2,826 shares at $17.67 is a direct acquisition that slightly increases the reporting persons stake. The reporting persons total beneficial ownership incorporates significant unvested equity: 8,000 restricted shares and 13,700 service-based RSUs that remain subject to multi-year vesting schedules. From an investor-analysis perspective, this filing signals continued executive ownership and compensation alignment with shareholders, but the transaction size is modest relative to broad market capitalization and does not by itself imply material change to capitalization or control.

Corporate Governance Expert

TL;DR: Transaction reflects routine insider purchase and standard equity compensation vesting; governance risks not evident.

The Form 4 documents a permitted open-market purchase and existing restricted equity awards with specified vesting dates, consistent with typical executive compensation practices. There is no indication of accelerated vesting, related-party transfers, or other governance red flags in the filing. The signature by a power of attorney is noted and properly dated in the filing. Overall, disclosures appear complete and procedurally standard.

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).

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^*

McCuen Michael P

(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 Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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	09/03/2025		P		2,826	A	$17.67	59,021(1)	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
Common Stock	(2)							(2)	(2)	Restricted Stock Units-Service Based	6,800		6,800	D
Common Stock	(3)							(3)	(3)	Restricted Stock Units-Service Based	6,900		13,700	D

Explanation of Responses:

1. Securities Beneficially Owned includes 8,000 shares of restricted stock which vest in a single installment on September 11, 2026 and 30,000 shares of restricted stock which vest in equal installments on each of July 1, 2026 and July 1, 2027, in each case subject to the terms of Restricted Stock Agreements entered into between the Issuer and the Reporting Person.

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:

	/s/ Matthew C. Tomb POA for Michael P. McCuen	09/04/2025
	** 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 Michael P. McCuen report on the Form 4 for FCF?

The filing reports a purchase of 2,826 shares on 09/03/2025 at $17.67, resulting in 59,021 shares beneficially owned.

How many restricted shares and RSUs does McCuen have reported?

The filing discloses 8,000 restricted shares vesting 09/11/2026, 30,000 restricted shares vesting in equal installments on 07/01/2026 and 07/01/2027, and 13,700 service-based RSUs (6,800 from 2024 and 6,900 from 2025).

At what price were the shares acquired according to the Form 4?

The reported purchase price was $17.67 per share.

When was the Form 4 signed and by whom?

The Form 4 was signed by Matthew C. Tomb as POA for Michael P. McCuen on 09/04/2025.

Do the RSUs convert to common stock on a 1-for-1 basis?

Yes, the disclosure states the service-based RSUs awarded in 2024 and 2025 convert to shares of common stock on a 1-for-1 basis after a three-year vesting period.