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

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
21 Feb 2024, 17:55:02 UTC
Prior SEC filing
13 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Laura Gleason, Attorney-in-Fact for Michael J. Hannon

Key filing fact

Michael J. Hannon filed Form 4 for PNC FINANCIAL SERVICES GROUP, INC. (PNC) on 21 Feb 2024.

Key facts

  • This page summarizes Michael J. Hannon's Form 4 filing for PNC FINANCIAL SERVICES GROUP, INC. (PNC).
  • 4 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 21 Feb 2024, 17:55.

Change

  • Previous filing in this sequence was filed on 13 Feb 2024.
  • Current net transaction value: +$393,411.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PNC transaction

$5 Par Common Stock

Award

Transaction value
$351,584
Shares
+2,362
Change %
+6.5%
Price
$148.85
Shares after
38,932
Date
16 Feb 2024
Ownership
Direct
Footnotes
F1
PNC transaction

$5 Par Common Stock

Tax liability

Transaction value
$105,386
Shares
-708
Change %
-1.8%
Price
$148.85
Shares after
38,224
Date
16 Feb 2024
Ownership
Direct
Footnotes
F2
PNC transaction

$5 Par Common Stock

Award

Transaction value
$199,310
Shares
+1,339
Change %
+3.5%
Price
$148.85
Shares after
39,563
Date
16 Feb 2024
Ownership
Direct
Footnotes
F3
PNC transaction

$5 Par Common Stock

Tax liability

Transaction value
$52,098
Shares
-350
Change %
-0.88%
Price
$148.85
Shares after
39,213
Date
16 Feb 2024
Ownership
Direct
Footnotes
F4
PNC holding

$5 Par Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
10,000
Date
16 Feb 2024
Ownership
by 2023 GRAT
PNC holding

$5 Par Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
151
Date
16 Feb 2024
Ownership
by Spouse
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Michael J. Hannon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2021 PSUs.

Footnote 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.

Footnote F4

Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2023 RSUs.

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