First Commonwealth CCO Brian Karrip to retire Aug 15; Brian Sohocki named successor

FIRST COMMONWEALTH FINANCIAL CORP /PA/

Brian Karrip retires as EVP and CCO effective August 15, 2024; separation includes 12-month salary continuation at $424k.
Brian Sohocki, Deputy CCO since 2021, appointed CCO effective August 16 and will be an executive officer.
Separation agreement settles outstanding equity and non-equity awards; LTIP cash payment for 19,633 shares based on 10-day avg price.
Karrip also receives 2024 annual incentive at target ($169,600) and COBRA coverage through June 2025.

item 5.02 item 9.01

Executive movements

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Departed

Brian Karrip

Executive Vice President and Chief Credit Officer

FCF · FIRST COMMONWEALTH FINANCIAL CORP /PA/

Effective: 2024-08-15
Successor: Brian Sohocki
Filed: August 2, 2024, 7:59 PM ET

Brian Karrip, Executive Vice President of First Commonwealth Financial Corporation (the “Company”) and Executive Vice President and Chief Credit Officer of First Commonwealth Bank, notified the Company that he intends to retire as of August 15, 2024.

Appointed

Brian Sohocki

Chief Credit Officer

FCF · FIRST COMMONWEALTH FINANCIAL CORP /PA/

Filed: August 2, 2024, 7:59 PM ET

the appointment of Brian Sohocki, Deputy Chief Credit Officer as Chief Credit Officer in accordance with the Company’s succession plan.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Karrip retired as Executive Vice President and Chief Credit Officer at FIRST COMMONWEALTH FINANCIAL CORP /PA/.

Action: retired
Role: Executive Vice President and Chief Credit Officer

Exact text from the filing

Brian Karrip, Executive Vice President of First Commonwealth Financial Corporation (the “Company”) and Executive Vice President and Chief Credit Officer of First Commonwealth Bank, notified the Company that he intends to retire as of August 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Sohocki was appointed as Chief Credit Officer at FIRST COMMONWEALTH FINANCIAL CORP /PA/.

Action: appointed
Role: Chief Credit Officer

Exact text from the filing

the appointment of Brian Sohocki, Deputy Chief Credit Officer as Chief Credit Officer in accordance with the Company’s succession plan.

View on SEC.gov

FIRST COMMONWEALTH FINANCIAL CORP /PA/ filing history →

Source: SEC EDGAR

accession 0000712537-24-000097

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