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

Director Ray T. Charley acquired 3,046 shares of First Commonwealth Financial Corp (FCF) as payment for his retainer, increasing his total holdings to 331,596 shares.

Summary

• Ray T. Charley, a director of First Commonwealth Financial Corp (FCF), acquired 3,046 shares of common stock on April 23, 2024.
• 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 $13.58, based on the NYSE/FCF closing price on that date.
• Following the transaction, Mr. Charley beneficially owns 331,596 shares, including 18,000 shares held in a family trust where he serves as a trustee.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine director compensation matter and doesn't indicate any significant positive or negative development for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Director compensation in the form of stock is a common practice in the financial industry, aligning director interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value.

Key Dates