Kieran John Fallon - 10 Feb 2024 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Executive Vice President
Signature
Laura Gleason, Attorney-in-Fact for Kieran J. Fallon
Issuer symbol
PNC
Transactions as of
10 Feb 2024
Net transactions value
+$209,242
Form type
4
Filing time
13 Feb 2024, 20:41:46 UTC
Previous filing
16 Mar 2023
Next filing
21 Feb 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 $175,403 +1,187 +9.8% $147.77 13,271 10 Feb 2024 Direct F1
transaction PNC $5 Par Common Stock Tax liability $48,764 -330 -2.5% $147.77 12,941 10 Feb 2024 Direct F2
transaction PNC $5 Par Common Stock Award $114,522 +775 +6% $147.77 13,716 11 Feb 2024 Direct F3
transaction PNC $5 Par Common Stock Tax liability $31,918 -216 -1.6% $147.77 13,500 11 Feb 2024 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2024, 1,187 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 10, 2022 (the "2022 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 2022 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 2022 RSUs.
F3 On February 11, 2024, 775 shares of PNC common stock vested pursuant to an award of restricted share units granted to the reporting person in the first quarter of 2021 (the "2021 RSUs"), based on achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2021 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
F4 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2021 RSUs.
F5 Includes an aggregate of 38 shares acquired by the reporting person under the PNC Employee Stock Purchase Plan.