Karen L. Larrimer - 10 Feb 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
Issuer symbol
PNC
Transactions as of
10 Feb 2022
Net transactions value
+$1,580,568
Form type
4
Filing time
14 Feb 2022, 15:42:40 UTC
Next filing
15 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Gift $0 -380 -1.2% $0.000000 30,029 01 Dec 2021 Direct
transaction PNC $5 Par Common Stock Award $2,536,617 +12,043 +40% $210.63 42,072 10 Feb 2022 Direct F1
transaction PNC $5 Par Common Stock Tax liability $956,050 -4,539 -11% $210.63 37,533 10 Feb 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.