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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Feb 2024, 18:05:01 UTC
Prior SEC filing
13 Feb 2024
Next SEC filing
02 Aug 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Laura Gleason, Attorney-in-Fact for Michael P. Lyons

Key filing fact

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

Key facts

  • This page summarizes Michael P. Lyons'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, 18:05.

Change

  • Previous filing in this sequence was filed on 13 Feb 2024.
  • Current net transaction value: +$2,155,199.

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
$3,269,490
Shares
+21,965
Change %
+11%
Price
$148.85
Shares after
217,581
Date
16 Feb 2024
Ownership
Direct
Footnotes
F1
PNC transaction

$5 Par Common Stock

Tax liability

Transaction value
$1,487,309
Shares
-9,992
Change %
-4.6%
Price
$148.85
Shares after
207,589
Date
16 Feb 2024
Ownership
Direct
Footnotes
F2
PNC transaction

$5 Par Common Stock

Award

Transaction value
$684,561
Shares
+4,599
Change %
+2.2%
Price
$148.85
Shares after
212,188
Date
16 Feb 2024
Ownership
Direct
Footnotes
F3
PNC transaction

$5 Par Common Stock

Tax liability

Transaction value
$311,543
Shares
-2,093
Change %
-0.99%
Price
$148.85
Shares after
210,095
Date
16 Feb 2024
Ownership
Direct
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

On February 16, 2024, 21,965 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, 4,599 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.

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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