STOCK TITAN

[Form 4] PNC FINANCIAL SERVICES GROUP, INC. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Andrew T. Feldstein, a Director of PNC Financial Services Group (PNC), reported transactions on 10/01/2025. The filing shows an acquisition of 195 phantom stock units (each the economic equivalent of one share) under PNC plans; those phantom units are settled in cash upon distribution. The filing lists a per-share reference of $198.44 alongside the 195 units and reports 19,963 shares (or share equivalents) beneficially owned following the reported transactions on an indirect basis through a deferred compensation arrangement. The report also shows 6,312 phantom stock units attributable to the Outside Directors Deferred Stock Unit Plan and a 11,536 deferred stock unit (DSU) disposition entry; DSUs represent the right to receive one share at retirement or, in limited cases, cash. All units include dividend-equivalent increases that occurred after the reporting person’s prior Form 4 filing. The Form 4 was signed by an attorney-in-fact on 10/03/2025.

Andrew T. Feldstein, un Direttore di PNC Financial Services Group (PNC), ha riportato operazioni il 10/01/2025. La documentazione mostra un'acquisizione di 195 unità azionarie fantasma (ogni unità è l'equivalente economico di una azione) secondo piani PNC; tali unità fantasma sono regolamate in contanti al momento della distribuzione. La filing elenca un riferimento per azione di $198.44 insieme alle 195 unità e riporta 19,963 azioni (o equivalenti azionari) possedute a titolo beneficiario in seguito alle operazioni riportate in via indiretta tramite un accordo di compensazione differita. Il rapporto mostra anche 6,312 unità azionarie fantasma attribuite al Outside Directors Deferred Stock Unit Plan e una voce di disposizione 11,536 DSU; le DSU rappresentano il diritto a ricevere una azione al momento della pensione o, in casi limitati, in contanti. Tutte le unità includono aumenti derivanti da dividendi verificatisi dopo l'ultima presentazione Form 4 del soggetto. Il Form 4 è stato firmato da un procuratore-in-fact il 03/10/2025.

Andrew T. Feldstein, un Director de PNC Financial Services Group (PNC), reportó operaciones el 01/10/2025. La presentación muestra una adquisición de 195 unidades de acciones fantasma (cada una es el equivalente económico de una acción) bajo planes de PNC; esas unidades fantasma se liquidan en efectivo al momento de la distribución. La presentación lista una referencia por acción de $198.44 junto con las 195 unidades y reporta 19,963 acciones (o equivalentes de acciones) de manera beneficiosa tras las operaciones reportadas de forma indirecta a través de un arreglo de compensación diferida. El depósito también muestra 6,312 unidades de acciones fantasma atribuidas al Outside Directors Deferred Stock Unit Plan y una entrada de disposición de 11,536 DSU; las DSU representan el derecho a recibir una acción al momento de la jubilación o, en casos limitados, en efectivo. Todas las unidades incluyen aumentos por dividendos que ocurrieron después de la presentación Form 4 previa de la persona declarando. El Form 4 fue firmado por un apoderado el 03/10/2025.

Andrew T. FeldsteinPNC Financial Services Group (PNC)이사로서 2025년 10월 1일에 거래를 보고했습니다. 공시는 PNC 계획에 따른 195개의 팬텀 주식 유닛(각 유닛은 주식 한 주의 경제적 등가물)을 매입했다고 표시하며, 이 팬텀 유닛은 배당 지급 시 현금으로 결제됩니다. 보고서는 주당 기준가 $198.44195 유닛과 함께 나열하고, 간접적으로 신고된 거래 후 이익 소유된 19,963 주(또는 주식 등가물)를 기록합니다. 보고서에는 또한 Outside Directors Deferred Stock Unit Plan에 속하는 6,312 팬텀 주식 유닛과 11,536 DSU 처분 항목이 표시됩니다; DSU는 은퇴 시 주식 하나를 받거나, 제한된 경우 현금으로 받는 권리를 나타냅니다. 모든 유닛에는 피신고자의 이전 Form 4 제출 이후의 배당금 유사 증가가 포함되어 있습니다. Form 4는 2025년 10월 3일에 대리인이 서명했습니다.

Andrew T. Feldstein, un Directeur de PNC Financial Services Group (PNC), a déclaré des opérations le 01/10/2025. Le dépôt indique une acquisition de 195 unités d’action fantôme (chacune étant l’équivalent économique d’une action) dans le cadre des plans PNC; ces unités fantômes sont réglées en espèces lors de la distribution. Le dépôt liste une référence par action de $198.44 aux côtés des 195 unités et déclare 19 963 actions (ou équivalents d’actions) détenues bénéficiaires à la suite des transactions rapportées, de manière indirecte par le biais d’un arrangement de compensation différée. Le rapport montre également 6 312 unités d’actions fantômes attribuées au Outside Directors Deferred Stock Unit Plan et une entrée de disposition de 11 536 DSU; les DSU représentent le droit de recevoir une action lors de la retraite ou, dans des cas limités, en espèces. Toutes les unités incluent des augmentations liées aux dividendes survenues après la présentation Form 4 précédente de la personne déclarant. Le Form 4 a été signé par un mandataire le 03/10/2025.

Andrew T. Feldstein, ein Direktor der PNC Financial Services Group (PNC), berichtete am 01.10.2025 Transaktionen. Die Einreichung zeigt den Erwerb von 195 Phantomaktieneinheiten (jede wirtschaftlich dem Aktienkurs gleich) im Rahmen der PNC-Pläne; diese Phantomaktieneinheiten werden bei Ausschüttung in bar abgewickelt. Die Einreichung führt einen Aktienkurs von $198.44 neben den 195 Einheiten auf und meldet 19.963 Aktien (oder Aktienäquivalente), die nach den gemeldeten Transaktionen indirekt durch eine deferred compensation-Vereinbarung gehalten werden. Der Bericht weist außerdem 6.312 Phantomaktieneinheiten aus dem Outside Directors Deferred Stock Unit Plan und einen DSU-Veräußerungseintrag von 11.536 aus; DSUs Representieren das Recht, eine Aktie bei der Pensionierung zu erhalten oder, in begrenzten Fällen, Bargeld. Alle Einheiten schließen Dividendenäquivalente ein, die nach der vorherigen Form 4 des meldepflichtigen Persons aufgetreten sind. Die Form 4 wurde von einem Bevollmächtigten am 03.10.2025 unterzeichnet.

أندرو ت. فلدشتاين، مدير في PNC Financial Services Group (PNC)، أبلغ عن معاملات في 01/10/2025. يبيّن الملف أنه تم شراء 195 وحدة مخزون افتراضي (كل وحدة تعادل اقتصادياً سهماً واحداً) بموجب خطط PNC؛ تُسدد هذه الوحدات الافتراضية نقداً عند التوزيع. يسرد الملف إشارة سعر السهم $198.44 إلى جانب 195 وحدة ويُبلغ عن 19,963 سهماً (أو ما يعادل الأسهم) مملوكة لصورة مفيدة عقب المعاملات المبلغ عنها بشكل غير مباشر من خلال ترتيب تعويض مؤجل. كما يظهر التقرير 6,312 وحدة مخزون افتراضي من خطة Outside Directors Deferred Stock Unit Plan ومدخل تصرف 11,536 DSU؛ تمثل DSU الحق في استلام سهما عند التقاعد أو، في حالات محدودة، نقداً. تشمل جميع الوحدات زيادات مكافئة للأرباح حدثت بعد تقديم Form 4 السابقة للشخص المسؤول. وقع Form 4 بواسطة وكيل قانوني في 03/10/2025.

Andrew T. FeldsteinPNC Financial Services Group (PNC)董事2025/10/01 报告交易。申报显示在 PNC 计划下购买了 195 单位幻影股票(每单位的经济等价于一股); 这些幻影单位在分配时以现金结算。申报列出每股参考价为 $198.44,与 195 单位并列,并报告在通过间接方式通过递延补偿安排在报导交易后实际拥有的 19,963 股(或等同股数)。报告还显示 6,312 单位幻影股票归属于 Outside Directors Deferred Stock Unit Plan,以及一个 11,536 的 DSU处置条目;DSU 表示在退休时获得一股股票的权利,或在有限情况下以现金方式获得。所有单位均包含在报告人的先前 Form 4 提交后发生的股息等价增加。Form 4 由一名代理律师在 2025/10/03 签署。

Positive
  • 195 phantom stock units acquired under company plans, showing continued director compensation alignment
  • 19,963 share-equivalents beneficially owned after the reported transactions, indicating substantial indirect holdings
  • Dividend-equivalent accruals were recorded, increasing deferred holdings without immediate cash outlay
Negative
  • 11,536 deferred stock units show a disposition entry (D), reducing that specific deferred stock unit balance
  • Holdings are largely indirect and settled in cash or at retirement, providing less immediate publicly tradeable equity exposure

Insights

Insider compensation converted to deferred/phantom equity; ownership remains largely indirect.

The filing shows a director receiving 195 phantom stock units and holding 19,963 share-equivalents indirectly, indicating compensation-based, non-cash equity exposure rather than open-market purchases of common stock.

Because the units are settled in cash or deferred until retirement (DSUs), the reported changes reflect remuneration and plan mechanics rather than immediate equity transfers affecting voting control.

Report documents plan-based grants and exempt dividend-equivalent accruals; timely Form 4 amendment filed.

The disclosure explicitly notes phantom units and DSUs acquired as dividend equivalents in transactions exempt from reporting that occurred after the last Form 4, and the form is dated with a signature by an attorney-in-fact on 10/03/2025.

This presentation is consistent with Section 16 reporting of plan grants and deferred compensation activity and contains no unreported open-market trades.

Andrew T. Feldstein, un Direttore di PNC Financial Services Group (PNC), ha riportato operazioni il 10/01/2025. La documentazione mostra un'acquisizione di 195 unità azionarie fantasma (ogni unità è l'equivalente economico di una azione) secondo piani PNC; tali unità fantasma sono regolamate in contanti al momento della distribuzione. La filing elenca un riferimento per azione di $198.44 insieme alle 195 unità e riporta 19,963 azioni (o equivalenti azionari) possedute a titolo beneficiario in seguito alle operazioni riportate in via indiretta tramite un accordo di compensazione differita. Il rapporto mostra anche 6,312 unità azionarie fantasma attribuite al Outside Directors Deferred Stock Unit Plan e una voce di disposizione 11,536 DSU; le DSU rappresentano il diritto a ricevere una azione al momento della pensione o, in casi limitati, in contanti. Tutte le unità includono aumenti derivanti da dividendi verificatisi dopo l'ultima presentazione Form 4 del soggetto. Il Form 4 è stato firmato da un procuratore-in-fact il 03/10/2025.

Andrew T. Feldstein, un Director de PNC Financial Services Group (PNC), reportó operaciones el 01/10/2025. La presentación muestra una adquisición de 195 unidades de acciones fantasma (cada una es el equivalente económico de una acción) bajo planes de PNC; esas unidades fantasma se liquidan en efectivo al momento de la distribución. La presentación lista una referencia por acción de $198.44 junto con las 195 unidades y reporta 19,963 acciones (o equivalentes de acciones) de manera beneficiosa tras las operaciones reportadas de forma indirecta a través de un arreglo de compensación diferida. El depósito también muestra 6,312 unidades de acciones fantasma atribuidas al Outside Directors Deferred Stock Unit Plan y una entrada de disposición de 11,536 DSU; las DSU representan el derecho a recibir una acción al momento de la jubilación o, en casos limitados, en efectivo. Todas las unidades incluyen aumentos por dividendos que ocurrieron después de la presentación Form 4 previa de la persona declarando. El Form 4 fue firmado por un apoderado el 03/10/2025.

Andrew T. FeldsteinPNC Financial Services Group (PNC)이사로서 2025년 10월 1일에 거래를 보고했습니다. 공시는 PNC 계획에 따른 195개의 팬텀 주식 유닛(각 유닛은 주식 한 주의 경제적 등가물)을 매입했다고 표시하며, 이 팬텀 유닛은 배당 지급 시 현금으로 결제됩니다. 보고서는 주당 기준가 $198.44195 유닛과 함께 나열하고, 간접적으로 신고된 거래 후 이익 소유된 19,963 주(또는 주식 등가물)를 기록합니다. 보고서에는 또한 Outside Directors Deferred Stock Unit Plan에 속하는 6,312 팬텀 주식 유닛과 11,536 DSU 처분 항목이 표시됩니다; DSU는 은퇴 시 주식 하나를 받거나, 제한된 경우 현금으로 받는 권리를 나타냅니다. 모든 유닛에는 피신고자의 이전 Form 4 제출 이후의 배당금 유사 증가가 포함되어 있습니다. Form 4는 2025년 10월 3일에 대리인이 서명했습니다.

Andrew T. Feldstein, un Directeur de PNC Financial Services Group (PNC), a déclaré des opérations le 01/10/2025. Le dépôt indique une acquisition de 195 unités d’action fantôme (chacune étant l’équivalent économique d’une action) dans le cadre des plans PNC; ces unités fantômes sont réglées en espèces lors de la distribution. Le dépôt liste une référence par action de $198.44 aux côtés des 195 unités et déclare 19 963 actions (ou équivalents d’actions) détenues bénéficiaires à la suite des transactions rapportées, de manière indirecte par le biais d’un arrangement de compensation différée. Le rapport montre également 6 312 unités d’actions fantômes attribuées au Outside Directors Deferred Stock Unit Plan et une entrée de disposition de 11 536 DSU; les DSU représentent le droit de recevoir une action lors de la retraite ou, dans des cas limités, en espèces. Toutes les unités incluent des augmentations liées aux dividendes survenues après la présentation Form 4 précédente de la personne déclarant. Le Form 4 a été signé par un mandataire le 03/10/2025.

Andrew T. Feldstein, ein Direktor der PNC Financial Services Group (PNC), berichtete am 01.10.2025 Transaktionen. Die Einreichung zeigt den Erwerb von 195 Phantomaktieneinheiten (jede wirtschaftlich dem Aktienkurs gleich) im Rahmen der PNC-Pläne; diese Phantomaktieneinheiten werden bei Ausschüttung in bar abgewickelt. Die Einreichung führt einen Aktienkurs von $198.44 neben den 195 Einheiten auf und meldet 19.963 Aktien (oder Aktienäquivalente), die nach den gemeldeten Transaktionen indirekt durch eine deferred compensation-Vereinbarung gehalten werden. Der Bericht weist außerdem 6.312 Phantomaktieneinheiten aus dem Outside Directors Deferred Stock Unit Plan und einen DSU-Veräußerungseintrag von 11.536 aus; DSUs Representieren das Recht, eine Aktie bei der Pensionierung zu erhalten oder, in begrenzten Fällen, Bargeld. Alle Einheiten schließen Dividendenäquivalente ein, die nach der vorherigen Form 4 des meldepflichtigen Persons aufgetreten sind. Die Form 4 wurde von einem Bevollmächtigten am 03.10.2025 unterzeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Feldstein Andrew T

(Last) (First) (Middle)
THE TOWER AT PNC PLAZA
300 FIFTH AVENUE

(Street)
PITTSBURGH PA 15222

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PNC FINANCIAL SERVICES GROUP, INC. [ PNC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Unit (1) 10/01/2025 A 195 (1) (1) $5 Par Common Stock 195 $198.44 19,963(2) I Deferred Compensation Plan
Phantom Stock Unit (1) (1) (1) $5 Par Common Stock 6,312 6,312(3) I Deferred Stock Unit Plan
Deferred Stock Unit (4) (4) (4) $5 Par Common Stock 11,536 11,536(5) D
Explanation of Responses:
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.
2. 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.
3. 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.
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.
5. 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.
Remarks:
Laura Gleason, Attorney-in-Fact for Andrew T. Feldstein 10/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Andrew T. Feldstein (PNC) report on Form 4 dated 10/01/2025?

The Form 4 reports acquisition of 195 phantom stock units, other phantom units totaling 6,312, a 11,536 deferred stock unit disposition, and 19,963 share-equivalents beneficially owned following the transactions.

Are the phantom stock units reported by the PNC director settled in stock or cash?

The filing states phantom stock units are the economic equivalent of one share and will be settled in cash upon distribution.

What do DSUs reported on the PNC Form 4 represent?

Deferred stock units (DSUs) represent the right to receive one share of PNC common stock at retirement or, in limited cases, cash equal to fair market value on the payment date.

Did the Form 4 disclose dividend-equivalent accruals?

Yes. The filing explicitly notes DSUs and phantom units include dividend equivalents acquired in transactions exempt from reporting after the reporting person's previous Form 4.

Who signed the Form 4 for Andrew T. Feldstein and when?

The Form 4 was signed by Laura Gleason, Attorney-in-Fact for Andrew T. Feldstein on 10/03/2025.
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