First Commonwealth Financial (FCF) executive compensation, 2026 proxy

T. Michael Price, President and Chief Executive Officer, was paid $2M in 2025, up 20% from $1.7M the year before. The CEO-to-median-employee pay ratio was 33:1, on median employee pay of $59,907.

Filed
March 19, 2026
Annual meeting
April 28, 2026
Pay year
2025
Named executives
5
CEO total pay
$2M+20% vs prior year
CEO to median employee
33:1median $59,907
CEO pay in equity
26%$515,746 in awards
Prior say-on-pay support
97%of votes cast
CEO Total Compensation
$2,000,604For fiscal year 2025
Prior Year CEO Total
$1,661,340For fiscal year 2024
Say-on-Pay Support
97%At 2025 annual meeting
CEO Base Salary
$700,000For fiscal year 2025

How Price was paid

$2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary35%Bonus1%Stock awards26%Non-equity incentive37%All other compensation1%

Named executive officers

ExecutiveTotal
T. Michael PricePresident and Chief Executive Officer$2,000,604
James R. ReskeExecutive Vice President and Chief Financial Officer$1,192,678
Jane GrebencExecutive Vice President and Chief Revenue Officer$1,260,511
Michael P. McCuenExecutive Vice President and Chief Banking Officer$1,130,211
Norman J. MontgomeryExecutive Vice President, Business Integration Group Manager$914,013

What changed and why

  • $2MT. Michael Price received total compensation of $2,000,604 in fiscal 2025, representing an increase from $1,661,340 in fiscal 2024.
  • Stock awards for executive officers consist of time-based and performance-based restricted stock units granted under the 2025-2027 long-term incentive plan.
  • 97%The 2025 advisory vote on executive compensation received support of 97% of the votes cast.
  • $700KAnnual base salary for the CEO was set at $700,000 for fiscal 2025.
  • $745KNon-equity incentive plan compensation for the CEO totaled $745,063 based on AIP performance goals.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.