William S. Demchak - Feb 11, 2022 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
President/CEO
Signature
Alicia G. Powell, Attorney-in-Fact for William S. Demchak
Stock symbol
PNC
Transactions as of
Feb 11, 2022
Transactions value $
$3,300,134
Form type
4
Date filed
2/15/2022, 02:48 PM
Previous filing
Feb 14, 2022
Next filing
Jan 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $2.08M +10K +2.18% $207.36 471K Feb 11, 2022 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$897K -4.33K -0.92% $207.36 467K Feb 11, 2022 Direct F2
transaction PNC $5 Par Common Stock Award $1.84M +8.86K +1.9% $207.36 476K Feb 13, 2022 Direct F3
transaction PNC $5 Par Common Stock Tax liability -$791K -3.82K -0.8% $207.36 472K Feb 13, 2022 Direct F4
transaction PNC $5 Par Common Stock Award $1.88M +9.06K +1.92% $207.36 481K Feb 13, 2022 Direct F5
transaction PNC $5 Par Common Stock Tax liability -$809K -3.9K -0.81% $207.36 477K Feb 13, 2022 Direct F6
holding PNC $5 Par Common Stock 2.4K Feb 11, 2022 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 11, 2022, 10,043 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 (the "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 On February 13, 2022, 8,859 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 13, 2020 (the "2020 RSUs"), following approval by the 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 2020 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
F4 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2020 RSUs.
F5 On February 13, 2022, 9,055 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 13, 2019 (the "2019 RSUs"), following approval by the 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 2019 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
F6 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2019 RSUs.