PNC (PNC) EVP covers taxes with 599-share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PNC Financial Services Group Executive Vice President Amy Wierenga reported a tax-related share disposition. On the vesting of previously reported restricted share units, 599 shares of $5 par common stock were withheld to cover her tax liability at a price of $229.32 per share. After this tax-withholding transaction, she directly holds 24,248 shares of PNC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wierenga Amy
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | $5 Par Common Stock | 599 | $229.32 | $137K |
Holdings After Transaction:
$5 Par Common Stock — 24,248 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PNC (PNC) Executive Vice President Amy Wierenga report?
Amy Wierenga reported a tax-withholding disposition of PNC common stock. 599 shares were withheld to cover tax liabilities arising from the vesting of restricted share units previously disclosed on Form 3, rather than being sold on the open market.
Was the PNC (PNC) Form 4 transaction a market sale by Amy Wierenga?
No, the transaction was not a discretionary market sale. The Form 4 describes a tax-withholding disposition, where 599 shares were automatically withheld to pay taxes related to vested restricted share units previously reported.
What does transaction code "F" mean in the PNC (PNC) Form 4 for Amy Wierenga?
Transaction code "F" indicates payment of a tax liability or exercise price by delivering securities. In this case, 599 PNC shares were withheld to satisfy Amy Wierengas tax obligations from the vesting of restricted share units.