PNC (PNC) EVP Bynum sells stock after RSU awards vest and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PNC Financial Services Group Executive Vice President Richard Kevin Bynum reported multiple stock transactions. On February 17, 2026, he executed open‑market sales of 6,407 and 1,000 shares of $5 par common stock at $230.95 and $231.15 per share, respectively, leaving 1,942 shares held directly after the last sale. On February 14 and 16, 2026, restricted stock units from 2023, 2024, and 2025 awards vested for 440, 602, and 472 shares, with 123, 168, and 131 shares withheld to cover tax liabilities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,407 shares ($1,710,847)
Net Sell
8 txns
Insider
Bynum Richard Kevin
Role
Executive Vice President
Sold
7,407 shs ($1.71M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | $5 Par Common Stock | 6,407 | $230.95 | $1.48M |
| Sale | $5 Par Common Stock | 1,000 | $231.15 | $231K |
| Grant/Award | $5 Par Common Stock | 602 | $0.00 | -- |
| Tax Withholding | $5 Par Common Stock | 168 | $229.32 | $39K |
| Grant/Award | $5 Par Common Stock | 472 | $0.00 | -- |
| Tax Withholding | $5 Par Common Stock | 131 | $229.32 | $30K |
| Grant/Award | $5 Par Common Stock | 440 | $0.00 | -- |
| Tax Withholding | $5 Par Common Stock | 123 | $229.32 | $28K |
Holdings After Transaction:
$5 Par Common Stock — 2,942 shares (Direct)
Footnotes (1)
- On February 14, 2026, 440 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 14, 2025 (the "2025 RSUs"), following approval by the Human Resources Committee (the "Committee") of a payout of 100% based on the satisfaction of the reporting person's service requirements and achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2025 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2025 RSUs. On February 16, 2026, 602 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 16, 2024 (the "2024 RSUs"), following approval by the Committee of a payout of 100% based on the satisfaction of the reporting person's service requirements and achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2024 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2024 RSUs. On February 16, 2026, 472 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 16, 2023 (the "2023 RSUs"), following approval by the Committee of a payout of 100% based on the satisfaction of the reporting person's service requirements and achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2023 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2023 RSUs.
FAQ
What insider transactions did PNC (PNC) executive Richard Kevin Bynum report?
Richard Kevin Bynum reported open-market sales, restricted stock vesting, and tax-withholding dispositions in PNC common stock. The activity combined stock awards from prior RSU grants with subsequent share sales and shares withheld to satisfy related tax obligations.
What restricted stock units vested for PNC (PNC) executive Richard Kevin Bynum?
Awards of PNC restricted stock units granted in 2023, 2024, and 2025 vested, delivering 472, 602, and 440 shares, respectively. Each payout followed committee approval of 100% performance based on service requirements and risk-based performance criteria under the RSU awards.
How were taxes handled on Richard Kevin Bynum’s PNC (PNC) RSU vesting?
PNC withheld shares to cover Richard Kevin Bynum’s tax liabilities when RSUs vested. Specifically, 123, 168, and 131 shares were withheld at a price of $229.32 per share in connection with the vesting of the 2025, 2024, and 2023 restricted stock unit awards.