Overview
James R. Reske, who serves as Executive Vice President and Chief Financial Officer at First Commonwealth Financial Corp (NYSE:FCF), executed a series of stock sales on April 6, 2026, according to a recent SEC Form 4 filing. The total number of shares sold was 2,072, for aggregate proceeds of $37,006. The transactions were carried out under a pre-existing trading plan that was adopted on March 20, 2025.
Details of the disposition
The sales consisted of multiple lots transacted at slightly different per-share prices, within a narrow band between $17.81 and $17.905. The breakdown of the individual lots reported in the Form 4 is as follows:
- 99 shares at $17.81
- 205 shares at $17.815
- 100 shares at $17.825
- 3 shares at $17.845
- 600 shares at $17.85
- 200 shares at $17.865
- 200 shares at $17.87
- 77 shares at $17.88
- 60 shares at $17.885
- 210 shares at $17.89
- 180 shares at $17.895
- 48 shares at $17.90
- 90 shares at $17.905
The reported sales produced $37,006 in proceeds. At the time of reporting, the company’s common shares were trading at $18.13, a price level that represents a 33% increase over the past 12 months.
Post-transaction holdings and equity incentives
Following the April 6 transactions, Reske is listed as the direct owner of 83,420 shares of First Commonwealth Financial. In addition to those shares, the Form 4 discloses service-based restricted stock units (RSUs) that are convertible into common stock on a one-for-one basis after a three-year vesting period. The RSU awards reported include:
- 8,000 shares awarded in 2024
- 7,300 shares awarded in 2025 (bringing the running total to 15,300)
- 6,850 shares awarded in 2026 (bringing the total to 22,150)
These derivative securities remain subject to vesting schedules and are recorded separately from Reske’s direct stock ownership.
Regulatory filing and authorization
The Form 4 documenting the sales was signed on behalf of James R. Reske by Matthew C. Tomb, who executed the filing under a Power of Attorney. The trade executions were made pursuant to the trading plan adopted on March 20, 2025, as disclosed in the filing.
Company financial snapshot
First Commonwealth Financial has a market capitalization of $1.85 billion and trades at a price-to-earnings ratio of 12.39. The company has a documented record of dividend continuity extending 40 consecutive years, with a current dividend yield reported at 2.98%. Investors can consult the company’s Pro Research Report, which is noted as part of a larger library of research reports available to subscribers.
Recent operating results
In related corporate disclosures, First Commonwealth Financial reported fourth-quarter 2025 results that exceeded analysts’ expectations. The company posted earnings per share of $0.43, marginally above the $0.42 estimate. Revenue for the quarter came in at $137.9 million versus consensus expectations of $135.63 million. Management provided optimistic guidance for 2026. The company has not announced any mergers or acquisitions and there were no analyst upgrades or downgrades reported in the immediate aftermath of the earnings release. No other material company developments have been disclosed.
What this filing shows
The Form 4 offers a precise record of an executive sale executed under an established plan, the executive’s retained direct holdings, and the presence of service-based equity incentives subject to future vesting. The filing also identifies the authorized signer and confirms the March 20, 2025 trading plan as the framework for these transactions.
All elements in this report are drawn from the company’s SEC disclosure and the company’s reported quarterly results as described above.