First Commonwealth Announces Executive Appointment and Compensation Plan

The latest update is out from First Commonwealth (FCF).

Michael P. McCuen has been appointed Executive Vice President and Chief Lending Officer at First Commonwealth Financial Corporation with an initial base salary of $439,875, along with eligibility for various incentive plans. His employment agreement is set until July 1, 2026, with automatic yearly renewals unless notice of non-renewal is given. If terminated without cause or if he resigns with good reason, McCuen will receive a severance based on his salary. Additionally, he was awarded 45,000 shares of restricted stock, vesting over three years, with provisions for accelerated vesting in certain circumstances.

For a thorough assessment of FCF stock, go to TipRanks’ Stock Analysis page.