Lee E. Lyon II, EVP and Chief Audit Executive of First Commonwealth Financial Corp /PA/ (FCF), filed a Form 4 on August 10, 2026, reporting six open-market sales of common stock and the receipt of a service-based restricted stock unit award on the same date.

Key Highlights

  • Six sales on 08/10/2026: Lyon disposed of a combined 25,000 shares of First Commonwealth Financial common stock across six transactions.
  • Sale prices ranged from $21.456 to $21.476: Individual transaction prices per share were $21.4603, $21.456, $21.4601, $21.4702, $21.476, and $21.456, according to the filing.
  • Post-sale direct ownership: Following the reported sales, Lyon directly owned 32,739 shares of common stock.
  • RSU award granted: Lyon received 3,350 service-based restricted stock units in 2026, convertible into FCF common stock on a 1-for-1 basis at the end of a 3-year vesting period.
  • All holdings are direct: The filing reports all beneficial ownership as held directly, with no indirect positions disclosed.
  • Filing signed by attorney-in-fact: The form was signed by Matthew C. Tomb as power of attorney for Lee E. Lyon II on 08/10/2026.

First Commonwealth Financial EVP Reports Stock Sales and RSU Grant

According to the Form 4 filed on August 10, 2026, Lee E. Lyon II, identified as EVP and Chief Audit Executive of First Commonwealth Financial Corp /PA/ (FCF), reported six separate dispositions of common stock on that date. The transactions were coded "S," indicating open-market sales. The six sales involved 3,653 shares at $21.4603, 4,808 shares at $21.456, 5,000 shares at $21.4601, 4,539 shares at $21.4702, 4,000 shares at $21.476, and 3,000 shares at $21.456, according to the filing.

The filing shows that Lyon's directly held common stock balance declined with each successive sale, from 54,086 shares before the first transaction to 32,739 shares following the final sale. All six ownership figures are reported as directly held. The filing discloses no indirectly held common stock positions.

In addition to the sales, the filing reports a 2026 award of 3,350 service-based restricted stock units listed in Table II. According to the filing's footnote, these units are "convertible into shares of FCF common stock on a 1-for-1 basis at the end of a 3 year vesting period." The RSU award does not carry a transaction code indicating a market purchase or sale; it is reported as a derivative security with 3,350 units remaining beneficially owned directly following the transaction.

What Was Disclosed

The filing discloses six open-market sales of FCF common stock by Lyon on August 10, 2026, totaling 25,000 shares, leaving a direct balance of 32,739 shares. It also reports a 2026 grant of 3,350 service-based restricted stock units subject to a 3-year vesting period.