Daniel Hesse - Apr 26, 2023 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role: Director
Signature: Laura Gleason, Attorney-in-Fact for Daniel R. Hesse
Stock symbol: PNC
Transactions as of: Apr 26, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/28/2023, 03:14 PM
Previous filing: Apr 5, 2023
Next filing: May 15, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	PNC	Deferred Stock Unit	Award	$0	+1.33 K	+18.91%	$0.00	8.36 K	Apr 26, 2023	$5 Par Common Stock	1.33 K	Direct	F1
holding	PNC	Phantom Stock Unit						2.83 K	Apr 26, 2023	$5 Par Common Stock	2.83 K	Deferred Compensation Plan	F2
holding	PNC	Phantom Stock Unit						1.88 K	Apr 26, 2023	$5 Par Common Stock	1.88 K	Deferred Stock Unit Plan	F2

Explanation of Responses:

Id	Content
F1	Deferred stock unit ("DSU") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan. Each DSU represents the right to receive at retirement one share of The PNC Financial Services Group, Inc. ("PNC") common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program.
F2	One phantom stock unit is the economic equivalent of one share of PNC common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.

Content

Deferred stock unit ("DSU") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan. Each DSU represents the right to receive at retirement one share of The PNC Financial Services Group, Inc. ("PNC") common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program.

One phantom stock unit is the economic equivalent of one share of PNC common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.