Karen L. Larrimer - Feb 10, 2022 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Executive Vice President
Signature
Alicia G. Powell, Attorney-in-Fact for Karen L. Larrimer
Stock symbol
PNC
Transactions as of
Feb 10, 2022
Transactions value $
$1,580,568
Form type
4
Date filed
2/14/2022, 03:42 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 -380 -1.25% $0.00 30K Dec 1, 2021 Direct
transaction PNC $5 Par Common Stock Award $2.54M +12K +40.1% $210.63 42.1K Feb 10, 2022 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$956K -4.54K -10.79% $210.63 37.5K Feb 10, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2022, 12,043 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.