Director Dachille (NYSE: PNC) receives 844 deferred stock units award
Rhea-AI Filing Summary
Dachille Douglas A. reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Douglas A. Dachille received a grant of 844 deferred stock units as board compensation. These deferred stock units were awarded at a price of $0.00 per unit and are tied to PNC common stock under the company’s 2016 Incentive Award Plan.
Each deferred stock unit represents the right to receive at retirement one share of PNC common stock, or in limited cases cash equal to the fair market value of a share, under the Directors Deferred Stock Unit Program. Separately, Dachille also holds 221 phantom stock units indirectly through a deferred compensation plan, which are economically equivalent to PNC shares and will be settled in cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dachille Douglas A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 844 | $0.00 | $0.00 |
| holding | Phantom Stock Unit | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Unit — 2,080 shares (Direct);
Phantom Stock Unit — 221 shares (Indirect, Deferred Compensation Plan)
Footnotes (2)
- F1. 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 The PNC Financial Services Group, Inc. ("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.
- F2. One phantom stock unit is the economic equivalent of one share of PNC common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.
Key Figures
Deferred stock units granted: 844 units
Deferred stock units after grant: 2,080 units
Phantom stock units held: 221 units
+2 more
5 metrics
Deferred stock units granted
844 units
Director award on 2026-04-22 at $0.00 per unit
Deferred stock units after grant
2,080 units
Total direct DSU holdings following transaction
Phantom stock units held
221 units
Indirect holdings via Deferred Compensation Plan
Underlying common stock per DSU
1 share
Each DSU represents right to one PNC share at retirement
Underlying common stock per phantom unit
1 share equivalent
Each phantom unit economically equals one PNC share
Key Terms
Deferred Stock Unit, Directors Deferred Stock Unit Program, 2016 Incentive Award Plan, Phantom Stock Unit, +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.
Directors Deferred Stock Unit Program financial
"granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program")"
2016 Incentive Award Plan financial
"under PNC's 2016 Incentive Award Plan"
Phantom Stock Unit financial
"One phantom stock unit is the economic equivalent of one share of PNC common stock"
Deferred Compensation Plan financial
"nature_of_ownership": "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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PNC (PNC) director Douglas A. Dachille report in this Form 4?
Douglas A. Dachille reported receiving a grant of 844 deferred stock units as director compensation. These units are linked to PNC common stock and are payable at retirement in shares or in limited cases cash, under PNC’s established incentive and director deferred stock programs.
How many deferred stock units does Douglas A. Dachille hold after this PNC (PNC) grant?
After the reported grant, Douglas A. Dachille holds 2,080 deferred stock units directly. These units track PNC common stock value and are generally settled at retirement, giving the director a long-term, stock-linked component of compensation rather than an immediate cash payment.
What are deferred stock units in the context of PNC (PNC)?
At PNC, deferred stock units are awards granted to directors under the 2016 Incentive Award Plan. Each unit typically entitles the holder at retirement to receive one PNC common share, or in limited circumstances equivalent cash, aligning director compensation with long-term shareholder value performance.
What are phantom stock units reported by Douglas A. Dachille at PNC (PNC)?
Phantom stock units are bookkeeping entries economically equivalent to one PNC share. Dachille holds 221 phantom stock units indirectly through a deferred compensation plan. These units mirror PNC’s stock price and will be settled in cash upon distribution, rather than delivering actual shares.
Was the PNC (PNC) Form 4 transaction an open-market stock purchase or sale?
No, the Form 4 shows a compensation-related grant of 844 deferred stock units, not an open-market trade. The units were granted at a price of zero under PNC’s director compensation programs and are designed to be settled at retirement, aligning incentives with long-term performance.