Form 4: FCF Executive Grebenc Awarded 7,250 Restricted Stock Units

First Commonwealth Financial Corp's EVP/Chief Revenue Officer, Jane Grebenc, received an award of 7,250 service-based restricted stock units.

Summary

• Jane Grebenc, EVP/Chief Revenue Officer and Director of First Commonwealth Financial Corp (FCF), was awarded 7,250 service-based Restricted Stock Units (RSUs).
• This award occurred on March 11, 2026, and the RSUs convert into FCF common stock on a 1-for-1 basis after a 3-year vesting period.
• Following this transaction, Grebenc beneficially owns a total of 24,000 service-based RSUs, which includes prior awards of 8,750 units from 2024 and 8,000 units from 2025.
• Grebenc also directly owns 158,975 shares of FCF common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive compensation practices and the retention of key leadership, which can be a sign of stability.

Positives

• Award of 7,250 service-based Restricted Stock Units to a key executive, aligning management incentives with long-term shareholder value.
• The executive's total beneficial ownership of common stock and RSUs demonstrates a significant stake in the company.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

StockSavvy.ai notes that service-based restricted stock unit awards are a common form of executive compensation in the financial services industry, designed to retain key talent and align their interests with long-term company performance.

Stakeholder Impact

• Shareholders: Minor potential dilution upon vesting, but aligns executive incentives with long-term company performance.
• Employees: Reflects standard executive compensation practices for key personnel.

Next Steps

• Vesting of the 2024 RSU award at the end of its 3-year period.
• Vesting of the 2025 RSU award at the end of its 3-year period.
• Vesting of the 2026 RSU award (7,250 units) at the end of its 3-year period from March 11, 2026.

Key Dates

Keywords

First Commonwealth Financial Corp, FCF, Jane Grebenc, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Service-Based Award, Director, EVP Chief Revenue Officer