First Commonwealth amends 2024 Stock Plan to address ISS concern; prior plan grants reduce new reserve

FIRST COMMONWEALTH FINANCIAL CORP /PA/

ISS gave unfavorable recommendation citing lack of commitment to deduct prior plan grants from new plan's share pool.
Company amended Section 6.1: shares issued under Prior Plan from Jan 1, 2024 will be deducted from 5,000,000 share reserve of 2024 Plan.
Company disagrees with ISS methodology but made change to resolve concern; plan terms otherwise unchanged.
Annual meeting set for April 23, 2024; shareholders will vote on 2024 Plan adoption.

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