PNC (PNC) director adds phantom and deferred stock units in compensation awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salesky Bryan Scott reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Bryan Scott Salesky reported routine equity-based compensation awards. He received 184 phantom stock units on 2026-07-01, each economically equivalent to one share of PNC common stock and settled in cash under the Deferred Compensation Plan.
Following this grant, he held 2,372 phantom stock units indirectly in the plan. Separately, he directly held deferred stock units representing 5,736 underlying shares of PNC common stock, which are scheduled to be delivered at retirement under the directors’ deferred stock unit program.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Salesky Bryan Scott
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 184 | $251.62 | $46K |
| holding | Deferred Stock Unit | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 2,372 shares (Indirect, Deferred Compensation Plan);
Deferred Stock Unit — 5,736 shares (Direct, null)
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 equity incentive 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.
Key Figures
Phantom stock units granted: 184 units
Phantom stock units after grant: 2,372 units
Deferred stock units underlying shares: 5,736 shares
+2 more
5 metrics
Phantom stock units granted
184 units
Grant on July 1, 2026 under Deferred Compensation Plan
Phantom stock units after grant
2,372 units
Total phantom stock units held indirectly after July 1, 2026
Deferred stock units underlying shares
5,736 shares
Underlying PNC common stock for DSUs held directly
Phantom stock unit reference price
$251.62 per unit
Transaction price per phantom stock unit for 184-unit grant
Exercise price of units
$0.00
Conversion or exercise price for phantom and deferred stock units
Key Terms
phantom stock unit, PNC Deferred Compensation Plan, Deferred stock units ("DSUs"), Directors Deferred Stock Unit Program, +1 more
5 terms
phantom stock unit financial
"One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc."
PNC Deferred Compensation Plan financial
"Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan"
Deferred stock units ("DSUs") financial
"Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program"
Directors Deferred Stock Unit Program financial
"granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's equity incentive plan"
equity incentive plan financial
"the Program under PNC's equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What insider transaction did PNC (PNC) director Bryan Scott Salesky report?
Bryan Scott Salesky reported receiving 184 phantom stock units on July 1, 2026. These units are part of a deferred compensation arrangement, not an open-market stock purchase or sale, and provide economic exposure to PNC common stock through cash settlement at a future date.
What are phantom stock units in the PNC (PNC) deferred compensation plan?
Phantom stock units are bookkeeping units economically equivalent to one PNC common share. They are settled in cash upon distribution to the reporting person and generally do not expire, allowing directors or executives to defer compensation while tracking the value of PNC common stock over time.
How many phantom stock units does the PNC (PNC) director hold after this Form 4?
After the July 1, 2026 grant, the director held 2,372 phantom stock units under the PNC Deferred Compensation Plan. These units reflect deferred compensation tied to PNC’s share value and will be paid in cash according to the plan’s distribution terms.
What are deferred stock units (DSUs) reported by the PNC (PNC) director?
Deferred stock units are awards under PNC’s Directors Deferred Stock Unit Program. Each DSU represents the right to receive one share of PNC common stock at retirement, or in limited cases cash equal to its fair market value on the payment determination date, per program terms.
How many deferred stock units does the PNC (PNC) director hold?
The director reported holding deferred stock units representing 5,736 underlying shares of PNC common stock. These DSUs are scheduled to be settled at retirement under the directors’ deferred stock unit program, providing long-term equity-linked compensation rather than immediate share ownership.
Were these PNC (PNC) insider transactions open-market stock purchases or sales?
No, the reported transactions involve phantom stock units and deferred stock units granted under compensation and deferral programs. They are equity-linked awards and holdings, not open-market purchases or sales of PNC common stock, and are generally settled in cash or shares at future distribution dates.