PNC director granted 32 phantom stock units
HARSHMAN RICHARD J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
HARSHMAN RICHARD J reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Richard J. Harshman received 32 phantom stock units on April 1, 2026 as a grant under a deferred compensation arrangement. Each phantom stock unit is economically equivalent to one share of PNC common stock and will be settled in cash at distribution. Following the grant, he holds 2,181 phantom stock units indirectly under the PNC Deferred Compensation Plan and 8,847 underlying shares through deferred stock units directly under the PNC Directors Deferred Stock Unit Program, which provide one share of common stock (or equivalent cash) at retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 32 shares
Grant/Award
2 txns
Insider
HARSHMAN RICHARD J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 32 | $209.24 | $7K |
| holding | Deferred Stock Unit | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 2,181 contracts (Indirect, Deferred Compensation Plan);
Deferred Stock Unit — 8,847 contracts (Direct)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
Key Figures
Phantom stock units granted: 32 units
Grant reference price: $209.24 per unit
Phantom units after grant: 2,181 units
+1 more
4 metrics
Phantom stock units granted
32 units
Grant on April 1, 2026 under Deferred Compensation Plan
Grant reference price
$209.24 per unit
Phantom stock unit economic reference value
Phantom units after grant
2,181 units
Indirect holdings under PNC Deferred Compensation Plan
Deferred stock unit underlying shares
8,847 shares
Underlying PNC common stock via DSUs held directly
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, Deferred stock units ("DSUs"), PNC Directors Deferred Stock Unit Program, +2 more
6 terms
Phantom Stock Unit financial
"One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc."
Deferred Compensation Plan financial
"Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Deferred stock units ("DSUs") financial
"Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program"
PNC Directors Deferred Stock Unit Program financial
"granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan"
2016 Incentive Award Plan financial
"Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan"
dividend equivalents financial
"Includes DSUs acquired by the reporting person as dividend equivalents under the Program"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PNC (PNC) director Richard J. Harshman report in this Form 4?
Richard J. Harshman reported receiving 32 phantom stock units on April 1, 2026 as a grant. These units are part of a deferred compensation arrangement and are economically equivalent to PNC common stock but will be settled in cash at a future distribution.
How many phantom stock units does the PNC (PNC) director hold after this grant?
After the April 1, 2026 grant, the director holds 2,181 phantom stock units indirectly. These units were accumulated under the PNC Deferred Compensation Plan, including prior dividend equivalent credits that were exempt from separate reporting on earlier Form 4 filings.
What are phantom stock units in the PNC (PNC) deferred plan?
Each phantom stock unit is the economic equivalent of one share of PNC common stock. The units are settled in cash when distributed to the reporting person and generally do not expire, providing cash-based exposure to PNC’s share value rather than actual share ownership.
What are deferred stock units (DSUs) reported by the PNC (PNC) director?
Deferred stock units are granted under the PNC Directors Deferred Stock Unit Program. Each DSU typically converts at retirement into one share of PNC common stock or, in limited cases, cash equal to the fair market value of one share on the payment determination date.
Does this PNC (PNC) Form 4 show any open-market stock purchases or sales?
This Form 4 does not show any open-market stock purchases or sales. It reflects a compensation-related grant of phantom stock units and updated holdings of deferred stock units that provide future cash or share settlement rather than current trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
