Richard K. Bynum - Feb 11, 2022 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Executive Vice President
Signature
Alicia G. Powell, Attorney-in-Fact for Richard K. Bynum
Stock symbol
PNC
Transactions as of
Feb 11, 2022
Transactions value $
-$11,820
Form type
4
Date filed
2/15/2022, 02:47 PM
Next filing
Jul 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $60.8K +293 +12% $207.36 2.74K Feb 11, 2022 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$21.6K -104 -3.8% $207.36 2.63K Feb 11, 2022 Direct F2
transaction PNC $5 Par Common Stock Tax liability -$24.3K -117 -4.45% $207.36 2.51K Feb 13, 2022 Direct
transaction PNC $5 Par Common Stock Tax liability -$26.7K -129 -5.13% $207.36 2.39K Feb 13, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 11, 2022, 293 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.