William S. Demchak - Feb 10, 2022 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
President/CEO
Signature
Alicia G. Powell, Attorney-in-Fact for William S. Demchak
Stock symbol
PNC
Transactions as of
Feb 10, 2022
Transactions value $
$5,715,656
Form type
4
Date filed
2/14/2022, 03:36 PM
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Gift $0 -4.65K -1.06% $0.00 434K Oct 27, 2021 Direct
transaction PNC $5 Par Common Stock Gift $0 -465 -0.11% $0.00 434K Oct 27, 2021 Direct
transaction PNC $5 Par Common Stock Award $10.2M +48.5K +11.17% $210.63 482K Feb 10, 2022 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$4.49M -21.3K -4.42% $210.63 461K Feb 10, 2022 Direct F2
holding PNC $5 Par Common Stock 2.4K Feb 10, 2022 401(k) Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2022, 48,468 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of performance share units granted to the reporting person on February 13, 2019 (the "2019 PSUs"), following approval by the Human Resources Committee of a payout of 118.95% based on achievement against performance criteria established under the award. Pursuant to the award, the 2019 PSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
F2 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2019 PSUs.
F3 The amount of securities beneficially owned represents the number of shares of common stock indirectly held for the account of the reporting person under The PNC Incentive Savings Plan (the "ISP"). Shares of PNC common stock are not directly allocated to ISP participants, but instead are held in a unitized fund, approximately 98% of which consists of PNC common stock, and the remainder of which is invested in a money market fund. The amount of securities beneficially owned reflects 58 shares indirectly acquired for the account of the reporting person under the ISP in transactions exempt from reporting under Rule 16a-3(f)(1)(i)(B) that occurred subsequent to the date of the reporting person's most recent filing on Form 4. The percentage of assets in the unitized fund investment option that are deemed to be invested in PNC common stock may vary from time to time.