Robert Q. Reilly - 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 Robert Q. Reilly
Stock symbol: PNC
Transactions as of: Feb 16, 2023
Transactions value $: $942,360
Form type: 4
Date filed: 2/21/2023, 12:54 PM
Previous filing: Feb 15, 2023
Next filing: Feb 13, 2024
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	$1.71M	+10.8K	+8.42%	$158.30	139K	Feb 16, 2023	Direct	F1
transaction	PNC	$5 Par Common Stock	Tax liability	-$769K	-4.86K	-3.49%	$158.30	134K	Feb 16, 2023	Direct	F2
holding	PNC	$5 Par Common Stock						1.68K	Feb 16, 2023	401(k) Plan
holding	PNC	$5 Par Common Stock						15K	Feb 16, 2023	By 2023 GRAT

Showing 1 to 4 of 4 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 16, 2023, 10,808 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.

Content

On February 16, 2023, 10,808 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.

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