William S. Demchak - Feb 13, 2023 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
President/CEO
Signature
Laura Gleason, Attorney-in-Fact for William S. Demchak
Stock symbol
PNC
Transactions as of
Feb 13, 2023
Transactions value $
$811,822
Form type
4
Date filed
2/15/2023, 02:33 PM
Previous filing
Feb 14, 2023
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $1.43M +8.86K +1.79% $160.98 504K Feb 13, 2023 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$614K -3.82K -0.76% $160.98 500K Feb 13, 2023 Direct F2
holding PNC $5 Par Common Stock 2.46K Feb 13, 2023 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 13, 2023, 8,860 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 13, 2020 (the "2020 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 2020 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 2020 RSUs.