Ganesh Manapra Krishnan - 11 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 Ganesh Krishnan
Issuer symbol
PNC
Transactions as of
11 Feb 2022
Net transactions value
-$54,121
Form type
4
Filing time
15 Feb 2022, 14:46:57 UTC
Previous filing
27 Oct 2021
Next filing
14 Feb 2023
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 Award $39,191 +189 +2.8% $207.36 7,039 11 Feb 2022 Direct F1
transaction PNC $5 Par Common Stock Tax liability $13,271 -64 -0.91% $207.36 6,975 11 Feb 2022 Direct F2
transaction PNC $5 Par Common Stock Tax liability $80,041 -386 -5.5% $207.36 6,589 13 Feb 2022 Direct
holding PNC $5 Par Common Stock 2,147 11 Feb 2022 401K F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 11, 2022, 189 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 11, 2021 (the "2021 RSUs"), following approval by the Human Resources Committee of a payout of 100% based on the satisfaction of service requirements and achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2021 RSUs 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 2021 RSUs.
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 4 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.