Michael P. Lyons - Feb 16, 2023 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Executive Vice President
Signature
Laura Gleason, Attorney-in-Fact for Michael P. Lyons
Stock symbol
PNC
Transactions as of
Feb 16, 2023
Transactions value $
$2,014,368
Form type
4
Date filed
2/21/2023, 12:52 PM
Previous filing
Feb 15, 2023
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $3.7M +23.3K +12.76% $158.30 206K Feb 16, 2023 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$1.68M -10.6K -5.15% $158.30 196K Feb 16, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 16, 2023, 23,345 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of performance share units granted to the reporting person on February 13, 2020 (the "2020 PSUs"), following approval by the Human Resources Committee (the "Committee") of a payout of 111.91% based on achievement against performance criteria established under the award. Pursuant to the award, the 2020 PSUs 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 PSUs.