Richard K. Bynum - Feb 16, 2024 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Executive Vice President
Signature
Laura Gleason, Attorney-in-Fact for Richard K. Bynum
Stock symbol
PNC
Transactions as of
Feb 16, 2024
Transactions value $
$193,952
Form type
4
Date filed
2/21/2024, 05:47 PM
Previous filing
Feb 13, 2024
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $207K +1.39K +45.65% $148.85 4.44K Feb 16, 2024 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$62.2K -418 -9.41% $148.85 4.02K Feb 16, 2024 Direct F2
transaction PNC $5 Par Common Stock Award $70.3K +472 +11.73% $148.85 4.5K Feb 16, 2024 Direct F3
transaction PNC $5 Par Common Stock Tax liability -$21.3K -143 -3.18% $148.85 4.35K Feb 16, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 16, 2024, 1,392 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 11, 2021 (the "2021 PSUs"), following approval by the Human Resources Committee (the "Committee") of a payout of 105.56% based on achievement against performance criteria established under the award. Pursuant to the award, the 2021 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 2021 PSUs.
F3 On February 16, 2024, 472 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 16, 2023 (the "2023 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 2023 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 2023 RSUs.