PNC Financial Services (NYSE: PNC) director adds phantom and deferred units
Rhea-AI Filing Summary
PNC Financial Services Group director reports equity-linked awards. On 01/02/2026, the reporting person acquired 62 phantom stock units tied to PNC common stock at a reference price of $211.46 per unit. Each phantom unit is economically equivalent to one PNC share and will be settled in cash, generally without expiration.
Following this transaction, the director beneficially owns 1,818 phantom stock units indirectly through a deferred compensation plan and 4,824 deferred stock units directly under the PNC Directors Deferred Stock Unit Program. Each deferred stock unit represents the right to receive one PNC share at retirement, or in limited cases cash equal to the share’s fair market value.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 62 | $211.46 | $13K |
| 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 for 01/02/2026?
The filing shows a director acquired 62 phantom stock units tied to $5 par PNC common stock on 01/02/2026 at a reference price of $211.46 per unit.
How many phantom stock units does the PNC (PNC) director now hold?
After the reported transaction, the director beneficially owns 1,818 phantom stock units indirectly under a Deferred Compensation Plan.
What are phantom stock units in this PNC (PNC) Form 4?
Each phantom stock unit is the economic equivalent of one share of PNC common stock and is settled in cash upon distribution to the reporting person.
What deferred stock units (DSUs) does the PNC (PNC) director hold?
The director holds 4,824 deferred stock units (DSUs) granted under the PNC Directors Deferred Stock Unit Program within the 2016 Incentive Award Plan.
How are PNC (PNC) deferred stock units under the directors program settled?
Each DSU represents the right to receive at retirement one share of PNC common stock, or in limited circumstances cash equal to its fair market value on the payment determination date.
Did the PNC (PNC) director receive dividend equivalents on phantom units and DSUs?
Yes. The totals include phantom stock units and DSUs acquired as dividend equivalents in transactions exempt from reporting since the director’s most recent filing.