Michael J. Hannon - 16 Feb 2024 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Executive Vice President
Signature
Laura Gleason, Attorney-in-Fact for Michael J. Hannon
Issuer symbol
PNC
Transactions as of
16 Feb 2024
Net transactions value
+$393,411
Form type
4
Filing time
21 Feb 2024, 17:55:02 UTC
Previous filing
13 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 $351,584 +2,362 +6.5% $148.85 38,932 16 Feb 2024 Direct F1
transaction PNC $5 Par Common Stock Tax liability $105,386 -708 -1.8% $148.85 38,224 16 Feb 2024 Direct F2
transaction PNC $5 Par Common Stock Award $199,310 +1,339 +3.5% $148.85 39,563 16 Feb 2024 Direct F3
transaction PNC $5 Par Common Stock Tax liability $52,098 -350 -0.88% $148.85 39,213 16 Feb 2024 Direct F4
holding PNC $5 Par Common Stock 10,000 16 Feb 2024 by 2023 GRAT
holding PNC $5 Par Common Stock 151 16 Feb 2024 by Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael J. Hannon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On February 16, 2024, 2,362 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, 1,339 shares of PNC common stock vested pursuant to an award of restricted share units granted to the reporting person in the first quarter of 2023 (the "2023 RSUs"), based on 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.