Robert Q. Reilly - 13 Feb 2023 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role: Executive Vice President
Signature: Laura Gleason, Attorney-in-Fact for Robert Q. Reilly
Issuer symbol: PNC
Transactions as of: 13 Feb 2023
Net transactions value: +$243,402
Form type: 4
Filing time: 15 Feb 2023, 14:43:33 UTC
Previous filing: 14 Feb 2023
Next filing: 21 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PNC	$5 Par Common Stock	Award	$345,624	+2,147	+1.7%	$160.98	129,031	13 Feb 2023	Direct	F1
transaction	PNC	$5 Par Common Stock	Tax liability	$102,222	-635	-0.49%	$160.98	128,396	13 Feb 2023	Direct	F2
holding	PNC	$5 Par Common Stock						1,680	13 Feb 2023	401(k) Plan
holding	PNC	$5 Par Common Stock						15,000	13 Feb 2023	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 13, 2023, 2,147 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.

Content

On February 13, 2023, 2,147 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.

Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2020 RSUs.