Form 4: Director Ray T. Charley Increases Stake in FCF

Director Ray T. Charley acquired 2,790 shares of First Commonwealth Financial Corp as part of his director retainer compensation.

Summary

• Director Ray T. Charley acquired 2,790 shares of First Commonwealth Financial Corp (FCF) common stock.
• The transaction occurred on May 1, 2026, at a price of $18.41 per share.
• The shares were issued as payment for director retainer services under the company's Director Retainer Plan.
• Following this transaction, Mr. Charley's total beneficial ownership is 337,687 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Director demonstrates alignment with shareholders by accepting equity as compensation.
• Increased personal stake in the company indicates confidence from board leadership.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

Not applicable as this is a routine director compensation disclosure.

Industry Context

StockSavvy.ai notes that director compensation via equity is a standard corporate governance practice in the banking sector, designed to align board incentives with long-term shareholder value.

Comparison to Industry Standards

• The use of a Director Retainer Plan to issue stock is consistent with standard practices among regional financial institutions like FCF.
• The transaction size is immaterial relative to the total market capitalization of the issuer.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation issuance.

Next Steps

• None.

Key Dates

Keywords

FCF, First Commonwealth Financial, Insider Trading, Director Compensation, Form 4