Form 4: Director Ray T. Charley Acquires Shares in First Commonwealth Financial Corp (FCF) as Retainer Payment

Ray T. Charley, a director of First Commonwealth Financial Corp, acquired 3,301 shares of common stock as payment for his retainer.

Summary

• On May 1, 2025, Ray T. Charley, a director of First Commonwealth Financial Corp (FCF), acquired 3,301 shares of common stock.
• The shares were issued as payment for Mr. Charley's retainer for service as a director, according to the First Commonwealth Financial Corporation Director Retainer Plan.
• The price per share was $15.56, based on the NYSE/FCF closing price on April 29, 2025.
• Following the transaction, Mr. Charley beneficially owns 334,897 shares, including 18,000 shares held in a family trust where he serves as a trustee.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director receiving shares as compensation is a normal business practice and indicates alignment with shareholder interests.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Director share acquisitions are common and often viewed positively, as they align the director's interests with those of the shareholders.

Related Party Transactions

• The issuance of shares to Ray T. Charley as a director is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine director compensation matter.

Key Dates

Keywords

Form 4, Director, Share Acquisition, Retainer, Beneficial Ownership, First Commonwealth Financial Corp, FCF, Ray T. Charley