Vicki C. Henn - 10 Feb 2022 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Signature
Alicia G. Powell, Attorney-in-Fact for Vicki C. Henn
Issuer symbol
PNC
Transactions as of
10 Feb 2022
Net transactions value
+$826,091
Form type
4
Filing time
14 Feb 2022, 15:44:40 UTC
Next filing
15 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $1,391,843 +6,608 +37% $210.63 24,411 10 Feb 2022 Direct F1, F2
transaction PNC $5 Par Common Stock Tax liability $565,752 -2,686 -11% $210.63 21,725 10 Feb 2022 Direct F3
holding PNC $5 Par Common Stock 1,787 10 Feb 2022 Direct
holding PNC $5 Par Common Stock 15 10 Feb 2022 401(k)
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2022, 6,608 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 Includes an aggregate of 476 shares of PNC common stock acquired by the reporting person through dividend reinvestment under the PNC Dividend Reinvestment and Stock Purchase Plan subsequent to the date of the reporting person's most recent filing on Form 4.
F3 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2019 PSUs.