secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF)
CIK:        0000712537
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0000712537-24-000097
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712537/000071253724000097/0000712537-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712537/000071253724000097/fcf-20240729.htm
  HTML page:      https://secwatch.observer/filing/0000712537-24-000097

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