Director at PNC (NYSE: PNC) awarded 844 deferred stock units
Rhea-AI Filing Summary
Pfinsgraff Martin reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Martin Pfinsgraff received a grant of 844 deferred stock units. The award was made on April 22, 2026 at a stated price of $0.00 per unit as part of PNC’s Directors Deferred Stock Unit Program under the 2016 Incentive Award Plan.
Each deferred stock unit 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 on the payment determination date. Following this grant, Pfinsgraff holds a total of 10,982 deferred stock units, including units previously credited as dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pfinsgraff Martin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 844 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Unit — 10,982 shares (Direct)
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. 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
Deferred stock units granted: 844 units
Grant price per unit: $0.00 per unit
Deferred stock units after grant: 10,982 units
+2 more
5 metrics
Deferred stock units granted
844 units
Grant to director on April 22, 2026
Grant price per unit
$0.00 per unit
Deferred stock unit award under director program
Deferred stock units after grant
10,982 units
Total DSUs held by Martin Pfinsgraff following transaction
Underlying common stock per DSU
1 share per unit
Right at retirement to receive one PNC common share or equivalent cash
Transaction code
A (Grant, award, or other acquisition)
Form 4 derivative transaction classification for DSU grant
Key Terms
Deferred Stock Unit, PNC Directors Deferred Stock Unit Program, 2016 Incentive Award Plan, dividend equivalents
4 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.
PNC 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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PNC (PNC) director Martin Pfinsgraff report?
Martin Pfinsgraff reported receiving a grant of 844 deferred stock units as director compensation. The units were awarded at a stated price of $0.00 per unit under PNC’s Directors Deferred Stock Unit Program within the 2016 Incentive Plan.
What are deferred stock units in the PNC (PNC) director program?
Deferred stock units are bookkeeping entries that track a director’s right to receive value later. Each PNC deferred stock unit represents the right at retirement to receive one share of PNC common stock, or in limited cases cash equal to one share’s fair market value.
How many PNC (PNC) deferred stock units does Martin Pfinsgraff hold after this grant?
After this grant, Martin Pfinsgraff holds 10,982 deferred stock units. This total includes the newly awarded 844 units plus additional units previously credited as dividend equivalents under the PNC Directors Deferred Stock Unit Program.
Does the PNC (PNC) deferred stock unit award involve an immediate cash payment?
The award does not involve an immediate cash payment to the director. The deferred stock units were granted at a stated price of $0.00 per unit and will settle at retirement in PNC common stock or, in limited circumstances, in cash based on future fair market value.
When will PNC (PNC) deferred stock units granted to directors be settled?
PNC’s deferred stock units granted to directors are designed to settle at retirement. At that time, each unit converts into one share of PNC common stock or, in limited circumstances, cash equal to the fair market value of one share on the payment determination date.