Robert A. Niblock - Jul 1, 2023 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Director
Signature
Laura Long, Attorney-in-Fact for Robert A. Niblock
Stock symbol
PNC
Transactions as of
Jul 1, 2023
Transactions value $
$28,567
Form type
4
Date filed
7/6/2023, 03:10 PM
Previous filing
Jul 5, 2023
Next filing
Aug 2, 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 Exercise Price Ownership Footnotes
transaction PNC Phantom Stock Unit Award $28.6K +224 +40.43% $127.53 778 Jul 1, 2023 $5 Par Common Stock 224 Deferred Compensation Plan F1, F2
holding PNC Deferred Stock Unit 2.24K Jul 1, 2023 $5 Par Common Stock 2.24K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.
F2 Includes an aggregate of 7 phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan subsequent to the date of the reporting person's most recent filing on Form 4.
F3 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 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.
F4 Includes an aggregate of 11 DSUs acquired by the reporting person as dividend equivalents under the Program subsequent to the date of the reporting person's most recent filing on Form 4.