PNC Financial (NYSE: PNC) director updates phantom and deferred units
Rhea-AI Filing Summary
PNC Financial Services Group director updates deferred stock holdings. On 01/02/2026, the reporting person acquired 31 phantom stock units tied to PNC common stock at a reference price of $211.46 per unit under a deferred compensation arrangement. After this transaction, the reporting person held 189 phantom stock units indirectly through a Deferred Compensation Plan.
The filing also shows 1,228 deferred stock units granted under PNC’s 2016 Incentive Award Plan, held directly. Each phantom stock unit is the economic equivalent of one share of PNC common stock and is settled in cash upon distribution, while each deferred stock unit represents the right at retirement to receive one share of PNC common stock or, in limited circumstances, cash equal to its fair market value. Some units were accumulated as dividend equivalents in exempt transactions.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 31 | $211.46 | $7K |
| holding | Deferred Stock Unit | -- | -- | -- |
Footnotes (1)
- One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire. Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4. Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan. Each DSU represents the right to receive at retirement one share of PNC common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program. Includes DSUs acquired by the reporting person as dividend equivalents under the Program in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
FAQ
What insider transaction did PNC (PNC) report on this Form 4?
The report shows a director acquired 31 phantom stock units tied to PNC common stock on 01/02/2026 under a deferred compensation arrangement.
How many phantom stock units does the PNC director hold after the transaction?
Following the reported transaction, the director beneficially owns 189 phantom stock units indirectly through a Deferred Compensation Plan.
What are phantom stock units in this PNC (PNC) filing?
Each phantom stock unit is the economic equivalent of one share of PNC common stock and will be settled in cash upon distribution to the reporting person.
What deferred stock units (DSUs) are reported by the PNC director?
The director holds 1,228 deferred stock units (DSUs) granted under the PNC Directors Deferred Stock Unit Program within PNC's 2016 Incentive Award Plan.
How are PNC deferred stock units (DSUs) settled for the director?
Each DSU generally gives the right at retirement to receive one share of PNC common stock, or in limited circumstances cash equal to the fair market value of one share on the payment determination date.
Do dividend equivalents affect the PNC director’s reported units?
Yes. Both phantom stock units and DSUs include amounts acquired as dividend equivalents under the relevant plans in transactions that were exempt from reporting.