PNC (PNC) director adds phantom stock units through deferred compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HESSE DANIEL reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Daniel Hesse reported a compensation-related award of phantom stock units. On July 1, 2026, he received 156 phantom stock units under a Deferred Compensation Plan at an indicated value of $251.62 per unit, each economically equivalent to one share of PNC common stock.
Phantom stock units will be settled in cash and generally do not expire. Hesse now holds 5,061 phantom stock units indirectly under the Deferred Compensation Plan, alongside 12,648 deferred stock units directly and 2,132 phantom stock units indirectly under other director deferral programs.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HESSE DANIEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 156 | $251.62 | $39K |
| holding | Phantom Stock Unit | -- | -- | -- |
| holding | Deferred Stock Unit | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 5,061 shares (Indirect, Deferred Compensation Plan);
Deferred Stock Unit — 12,648 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. Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Outside Directors Deferred Stock Unit 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: 156 units
Indicated unit value: $251.62 per unit
Phantom units after grant (Deferred Compensation Plan): 5,061 units
+3 more
6 metrics
Phantom stock units granted
156 units
Grant under Deferred Compensation Plan on July 1, 2026
Indicated unit value
<money>$251.62</money> per unit
Transaction price per phantom stock unit for the 156-unit grant
Phantom units after grant (Deferred Compensation Plan)
5,061 units
Total phantom stock units indirectly held following the 156-unit award
Deferred stock units (DSUs) held
12,648 units
Deferred stock units directly held, each tied to one PNC common share
Other phantom units held
2,132 units
Phantom stock units indirectly held under Outside Directors Deferred Stock Unit Plan
Exercise price
0.0000
Conversion or exercise price for reported deferred and phantom units
Key Terms
Deferred Stock Unit, Phantom Stock Unit, Deferred Compensation Plan, equity incentive plan, +1 more
5 terms
Deferred Stock Unit financial
"Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program"
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
Phantom Stock Unit financial
"One phantom stock unit is the economic equivalent of one share of PNC common stock"
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.
equity incentive plan financial
"granted pursuant to the PNC Directors Deferred Stock Unit 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.
dividend equivalents financial
"Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan"
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.
