Kieran John Fallon - 11 Feb 2022 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Signature
Alicia G. Powell, Attorney-in-Fact for Kieran J. Fallon
Issuer symbol
PNC
Transactions as of
11 Feb 2022
Net transactions value
+$366,820
Form type
4
Filing time
15 Feb 2022, 14:50:20 UTC
Previous filing
02 Dec 2021
Next filing
14 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $160,497 +774 +11% $207.36 7,967 11 Feb 2022 Direct F1, F2
transaction PNC $5 Par Common Stock Tax liability $44,582 -215 -2.7% $207.36 7,752 11 Feb 2022 Direct F3
transaction PNC $5 Par Common Stock Award $182,477 +880 +11% $207.36 8,632 13 Feb 2022 Direct F4
transaction PNC $5 Par Common Stock Tax liability $50,803 -245 -2.8% $207.36 8,387 13 Feb 2022 Direct F5
transaction PNC $5 Par Common Stock Award $165,059 +796 +9.5% $207.36 9,183 13 Feb 2022 Direct F6
transaction PNC $5 Par Common Stock Tax liability $45,827 -221 -2.4% $207.36 8,962 13 Feb 2022 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 11, 2022, 774 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of restricted share units granted to the reporting person in the first quarter of 2021 (the "2021 RSUs"), based on 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 Includes an aggregate of 15 shares acquired by the reporting person under the PNC Employee Stock Purchase Plan on December 31, 2021.
F3 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2021 RSUs.
F4 On February 13, 2022, 880 shares of PNC common stock vested pursuant to an award of restricted share units granted to the reporting person in the first quarter of 2020 (the "2020 RSUs"), based on 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.
F5 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2020 RSUs.
F6 On February 13, 2022, 796 shares of PNC common stock vested pursuant to an award of restricted share units granted to the reporting person in the first quarter of 2019 (the "2019 RSUs"), based on 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.
F7 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2019 RSUs.