Michael J. Ward - Jan 3, 2023 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Director
Signature
Laura Gleason, Attorney-in-Fact for Michael J. Ward
Stock symbol
PNC
Transactions as of
Jan 3, 2023
Transactions value $
$26,799
Form type
4
Date filed
1/5/2023, 02:46 PM
Previous filing
Oct 5, 2022
Next filing
Apr 5, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PNC Phantom Stock Unit Award $26.8K +168 +2.62% $159.52 6.58K Jan 3, 2023 $5 Par Common Stock 168 Deferred Compensation Plan F1, F2
holding PNC Phantom Stock Unit 1.87K Jan 3, 2023 $5 Par Common Stock 1.87K Deferred Stock Unit Plan F1, F3
holding PNC Deferred Stock Unit 6.97K Jan 3, 2023 $5 Par Common Stock 6.97K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.
F2 Includes an aggregate of 61 phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan subsequent to the date of the reporting person's most recent filing on Form 4.
F3 Includes an aggregate of 18 phantom stock units acquired by the reporting person as dividend equivalents under the PNC Outside Directors Deferred Stock Unit Plan subsequent to the date of the reporting person's most recent filing on Form 4.
F4 Deferred stock unit ("DSU") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan. Each DSU represents the right to receive at retirement one share of PNC common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program.
F5 Includes an aggregate of 64 DSUs acquired by the reporting person as dividend equivalents under the Program subsequent to the date of the reporting person's most recent filing on Form 4.