Ganesh Krishnan - Feb 10, 2024 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Signature
Laura Gleason, Attorney-in-Fact for Ganesh Krishnan
Stock symbol
PNC
Transactions as of
Feb 10, 2024
Transactions value $
$72,851
Form type
4
Date filed
2/13/2024, 09:01 PM
Previous filing
Feb 15, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $82.3K +557 +8.24% $147.77 7.32K Feb 10, 2024 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$27.9K -189 -2.58% $147.77 7.13K Feb 10, 2024 Direct F2
transaction PNC $5 Par Common Stock Award $28.1K +190 +2.67% $147.77 7.32K Feb 11, 2024 Direct F3
transaction PNC $5 Par Common Stock Tax liability -$9.61K -65 -0.89% $147.77 7.25K Feb 11, 2024 Direct F4
holding PNC $5 Par Common Stock 442 Feb 10, 2024 401K 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, 557 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, 190 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 11, 2021 (the "2021 RSUs"), following approval by 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 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 The amount of securities beneficially owned represents the number of shares of common stock indirectly held for the account of the reporting person under The PNC Incentive Savings Plan (the "ISP"). Shares of PNC common stock are not directly allocated to ISP participants, but instead are held in a unitized fund, approximately 98% of which consists of PNC common stock, and the remainder of which is invested in a money market fund. The amount of securities beneficially owned reflects 22 shares indirectly acquired for the account of the reporting person under the ISP in transactions exempt from reporting under Rule 16a-3(f)(1)(i)(B) that occurred subsequent to the date of the reporting person's most recent filing on Form 4. The percentage of assets in the unitized fund investment option that are deemed to be invested in PNC common stock may vary from time to time. The amount shown reflects an adjustment; prior filings inadvertently reported the reporting person's unit balance.