Form 4: First Commonwealth Director Jon L. Gorney Acquires Shares as Retainer Payment

Director Jon L. Gorney acquired 3,200 shares of First Commonwealth Financial Corp as part of his director retainer plan.

Summary

• On May 1, 2025, Jon L. Gorney, a director of First Commonwealth Financial Corp, acquired 3,200 shares of common stock.
• The shares were issued as payment for his 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, Gorney directly owns 46,649 shares of First Commonwealth Financial Corp, which includes 301 shares purchased through dividend reinvestment in February 2025.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects a director's investment in the company, aligning interests with shareholders. The transaction is part of a standard retainer plan.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The director retainer plan aligns the interests of directors with those of shareholders.

Industry Context

Director share acquisitions are common and often viewed positively as they align director interests with shareholder value. Retainer plans using company stock are a fairly standard practice.

Comparison to Industry Standards

• Director compensation packages often include stock options or grants to align their interests with shareholders, similar to Jon L. Gorney's retainer plan.
• Comparing Gorney's holdings to those of directors at similar regional banks like PNC Financial Services or Huntington Bancshares would provide context on the scale of his investment.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates the director's confidence in the company's future.

Key Dates

Keywords

Director, Share Acquisition, Retainer Plan, Common Stock, FCF, First Commonwealth Financial Corp, Gorney