Robert Q. Reilly - Dec 16, 2022 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Signature
Laura Gleason, Attorney-in-Fact for Robert Q. Reilly
Stock symbol
PNC
Transactions as of
Dec 16, 2022
Transactions value $
$517,058
Form type
4
Date filed
2/14/2023, 08:59 PM
Previous filing
Feb 15, 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 Gift $0 -350 -0.25% $0.00 139K Dec 16, 2022 Direct
transaction PNC $5 Par Common Stock Award $328K +2.06K +1.66% $159.34 126K Feb 10, 2023 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$83.7K -525 -0.42% $159.34 125K Feb 10, 2023 Direct F2
transaction PNC $5 Par Common Stock Award $374K +2.35K +1.88% $159.34 128K Feb 11, 2023 Direct F3
transaction PNC $5 Par Common Stock Tax liability -$101K -635 -0.5% $159.34 127K Feb 11, 2023 Direct F4
holding PNC $5 Par Common Stock 1.68K Dec 16, 2022 401(k) Plan F5
holding PNC $5 Par Common Stock 15K Dec 16, 2022 By 2023 GRAT
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2023, 2,057 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 person's 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, 2,348 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.
F5 The amount of securities beneficially owned represents the number of shares of common stock indirectly held for the account of the reporting person under The PNC Incentive Savings Plan (the "ISP"). Shares of PNC common stock are not directly allocated to ISP participants, but instead are held in a unitized fund, approximately 98% of which consists of PNC common stock, and the remainder of which is invested in a money market fund. The amount of securities beneficially owned reflects 60 shares indirectly acquired for the account of the reporting person under the ISP in transactions exempt from reporting under Rule 16a-3(f)(1)(i)(B) that occurred subsequent to the date of the reporting person's most recent filing on Form 4. The percentage of assets in the unitized fund investment option that are deemed to be invested in PNC common stock may vary from time to time.