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First Commonwealth Financial Executive Compensation (FY25)

FCF · Executive and director compensation, fiscal 2023 to 2025
Data as of September 5, 2026Latest filing (8-K): May 1, 2026
258 figures on this page: 247 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Total compensation for T. Michael Price, President and Chief Executive Officer, came to $2,000,604 in fiscal 2025, and compared with the $1,661,340 reported for fiscal 2024, Price's total was 20.4% higher. Shareholders supported the say-on-pay proposal with 97.3% of votes cast for or against in favor at the meeting held April 28, 2026 for fiscal 2025. The disclosed peer group includes Byline Bancorp, Community Bank System, Inc., First Busey Corporation, First Financial Bancorp and First Merchants Corp., among others. The company reported 5 named executive officers for fiscal 2025.
Chief executive, fiscal 2025
◇
T. Michael Price
Latest say-on-pay support
=
April 28, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — T. Michael Price: $1,661,340 → $2,000,604 (20.4% higher)
Say-on-pay support: 97.4% → 97.3% (0.1 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is First Commonwealth Financial's chief executive and what were they paid?
Total compensation for T. Michael Price, President and Chief Executive Officer, came to $2,000,604 in fiscal 2025. Compared with the $1,661,340 reported for fiscal 2024, Price's total was 20.4% higher.
What was First Commonwealth Financial's say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.3% of votes cast for or against in favor at the meeting held April 28, 2026 for fiscal 2025.
Which companies are in First Commonwealth Financial's peer group?
The disclosed peer group includes Byline Bancorp, Community Bank System, Inc., First Busey Corporation, First Financial Bancorp and First Merchants Corp., among others.
What is First Commonwealth Financial's chief executive pay ratio?
The company reported a chief executive pay ratio of 33:1 for fiscal 2025, against median employee compensation of $59,907.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
T. Michael Price
President and Chief Executive Officer
◇◇◇—◇—◇◇
Jane Grebenc
Executive Vice President and Chief Revenue Officer
◇◇◇—◇—◇◇
James Reske
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Norman Montgomery
Executive Vice President, Business Integration Group Manager
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
T. Michael Price
President and Chief Executive Officer
◇◇◇—◇—◇◇
Michael McCuen
Executive Vice President and Chief Banking Officer
◇◇◇—◇—◇◇
Jane Grebenc
Executive Vice President and Chief Revenue Officer
◇◇◇—◇—◇◇
James Reske
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Norman Montgomery
Executive Vice President, Business Integration Group Manager
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
T. Michael Price
President and Chief Executive Officer
◇◇◇—◇—◇◇
Jane Grebenc
Executive Vice President and Chief Revenue Officer
◇◇◇—◇—◇◇
James R. Reske
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Michael P. McCuen
Executive Vice President and Chief Banking Officer
◇◇◇—◇—◇◇
Norman J. Montgomery
Executive Vice President, Business Integration Group Manager
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
James R. ReskePSU◇◇◇—◇—◇
Jane GrebencPSU◇◇◇—◇—◇
Michael P. McCuenPSU◇◇◇—◇—◇
Norman J. MontgomeryPSU◇◇◇—◇—◇
T. MichaelPSU◇◇◇—◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jane GrebencRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Norman MontgomeryPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Michael McCuenRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
James ReskeRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
T. PricePSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon L. Gorney
Board chair
◇◇————◇
Julie A. Caponi
◇—————◇
David W. Greenfield
◇—————◇
Gary R. Claus
◇—————◇
Ray T. Charley
◇◇————◇
Bart E. Johnson
◇—————◇
Aradhna M. Oliphant
◇◇————◇
Stephen A. Wolfe
◇◇————◇
Luke A. Latimer
◇—————◇
Todd D. Brice
◇◇————◇
Robert J. Ventura
◇—————◇
David S. Dahlmann
◇—————◇
Patricia A. Husic
◇—————◇
Johnston A. Glass
◇—————◇
Joseph V. DiVito, Jr
◇◇————◇
Jane Grebenc and T. Michael Price served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Common Stock.
Stock ownership guideline: 5x annual cash retainer ($256,875)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Byline Bancorp BY
  • Community Bank System, Inc. CBU
  • First Busey Corporation BUSE
  • First Financial Bancorp FFBC
  • First Merchants Corp. FRME
  • Horizon Bancorp HBNC
  • Midland States Bancorp Inc. MSBI
  • NBT Bancorp Inc. NBTB
  • Northwest Bancshares Inc. NWBI
  • Park National Corp. PRK
  • Peoples Bancorp Inc. PEBO
  • S&T Bancorp STBA
  • Stock Yards Bancorp SYBT
  • Tompkins Financial Corp. TMP
  • TowneBank TOWN
  • Univest Financial Corporation UVSP
  • WesBanco Inc. WSBC
  • WSFS Financial Corporation WSFS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 28, 2026=◇◇◇
2024April 29, 2025=◇◇◇
2023April 23, 2024=◇◇◇
2022April 25, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 27, 2021=◇◇◇
2019April 28, 2020=◇◇◇
2018April 23, 2019=◇◇◇
2017April 24, 2018=◇◇◇
2016April 25, 2017=◇◇◇
2015April 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact First Commonwealth Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First Commonwealth Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
258 figures on this page: 247 cited to the filing that reported them, 11 calculated from figures it prints.
247 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000712537-26-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-115933
    Director Compensation in 2025 · Grants of Plan-Based Awards · LLC · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0000712537-25-000086
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-054017
    Summary Compensation Table
  5. 0000712537-24-000085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-067884
    Summary Compensation Table
  7. 0000712537-23-000088
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000712537-22-000017
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000712537-21-000013
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000712537-20-000010
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000712537-19-000017
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000712537-18-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000712537-17-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000712537-16-000065
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “First Commonwealth Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/FCF (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers First Commonwealth Financial discloses

The companies named in FCF's own disclosed peer group.

Byline BancorpCommunity Bank System, Inc.First Busey CorporationFirst Financial BancorpFirst Merchants Corp.Horizon BancorpMidland States Bancorp Inc.NBT Bancorp Inc.Northwest Bancshares Inc.Park National Corp.Peoples Bancorp Inc.S&T BancorpStock Yards BancorpTompkins Financial Corp.TowneBankUnivest Financial CorporationWesBanco Inc.WSFS Financial Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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