First Commonwealth Financial appointed Phillip J. Graves Jr. as chief accounting officer and principal accounting officer, with an annual base salary of $275,000. The change matters to investors because his appointment includes a change-of-control agreement, while the related agreement is expected to appear in the Quarterly Report for September 30, 2026.

Key Highlights

  • Phillip J. Graves Jr. joined First Commonwealth Financial on September 14, 2026.
  • Graves was appointed chief accounting officer and designated principal accounting officer.
  • The change-of-control agreement will provide one year of severance.

First Commonwealth Financial Corp /PA/ is a regional bank. Phillip J. Graves Jr. became its chief accounting officer and principal accounting officer on September 14, 2026, with an annual base salary of $275,000.

Graves Takes Accounting Leadership Role

The appointment also covers First Commonwealth Bank. Graves joined the organisation on the effective date of his appointment and previously worked as a Senior Manager at KPMG LLP. No arrangement with another person supported the appointment, and the terms state that Graves has no family relationship with any director or executive officer of First Commonwealth Financial.

Change-of-Control Agreement Set for Quarterly Report

A copy will be filed as an exhibit to the quarterly report covering the period ending September 30, 2026. James R. Reske signed the report as Executive Vice President, Chief Financial Officer and Treasurer on September 17, 2026.