Richard K. Bynum - Feb 10, 2023 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Executive Vice President
Signature
Laura Gleason, Attorney-in-Fact for Richard K. Bynum
Stock symbol
PNC
Transactions as of
Feb 10, 2023
Transactions value $
$76,483
Form type
4
Date filed
2/14/2023, 08:53 PM
Previous filing
Jul 21, 2022
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $70.6K +443 +19.94% $159.34 2.67K Feb 10, 2023 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$25K -157 -5.89% $159.34 2.51K Feb 10, 2023 Direct F2
transaction PNC $5 Par Common Stock Award $46.7K +293 +11.68% $159.34 2.8K Feb 11, 2023 Direct F3
transaction PNC $5 Par Common Stock Tax liability -$15.8K -99 -3.53% $159.34 2.7K Feb 11, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2023, 443 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 10, 2022 (the "2022 RSUs"), following approval by the Human Resources Committee (the "Committee") of a payout of 100% based on the satisfaction of the reporting persons service requirements and achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2022 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 2022 RSUs.
F3 On February 11, 2023, 293 shares of 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 Committee of a payout of 100% based on the satisfaction of the reporting persons 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.
F4 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2021 RSUs.