secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF)
CIK:        0000712537
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0000712537-24-000091
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Commonwealth names Michael P. McCuen EVP and Chief Lending Officer
------------------------------------------------------------------------

- McCuen appointed EVP and Chief Lending Officer effective July 1, 2024; to lead all commercial banking teams.
- Base salary of $439,875 with eligibility for short- and long-term incentive plans; initial term through July 1, 2026.
- Received 45,000 shares of restricted stock vesting in three equal annual installments of 15,000 shares.
- Non-compete and non-solicitation covenants apply for one year post-termination; severance equals base salary for remaining term or 12 months.
- McCuen previously Corporate Banking Executive since Sept. 2023; prior roles at Key Bank, National City, and PNC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712537/000071253724000091/0000712537-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712537/000071253724000091/fcf-20240701.htm
  HTML page:      https://secwatch.observer/filing/0000712537-24-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer