Equity awards vest for PNC (NYSE: PNC) EVP Robert Reilly
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PNC Financial Services Group Executive Vice President Robert Q. Reilly reported multiple equity award transactions. On February 14 and 16, 2026, restricted stock units from 2023–2025 awards vested, delivering 3,094, 2,587 and 2,317 shares of $5 par common stock. Shares totaling 1,240, 1,037 and 929 were withheld at $229.32 per share to cover tax liabilities. After these grant/award acquisitions and tax-withholding dispositions, he directly held 182,476 shares, plus 1,877 shares indirectly through The PNC Incentive Savings Plan 401(k) unitized fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Reilly Robert Q
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $5 Par Common Stock | 2,587 | $0.00 | -- |
| Tax Withholding | $5 Par Common Stock | 1,037 | $229.32 | $238K |
| Grant/Award | $5 Par Common Stock | 2,317 | $0.00 | -- |
| Tax Withholding | $5 Par Common Stock | 929 | $229.32 | $213K |
| Grant/Award | $5 Par Common Stock | 3,094 | $0.00 | -- |
| Tax Withholding | $5 Par Common Stock | 1,240 | $229.32 | $284K |
| holding | $5 Par Common Stock | -- | -- | -- |
Holdings After Transaction:
$5 Par Common Stock — 182,125 shares (Direct);
$5 Par Common Stock — 1,877 shares (Indirect, 401(k) Plan)
Footnotes (1)
- On February 14, 2026, 3,094 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, 2,587 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, 2,317 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. This amount represents the number of shares of PNC common stock indirectly held for the account of the reporting person under The PNC Incentive Savings Plan (the "ISP"), a defined contribution 401(k) plan. Shares of PNC common stock are not directly allocated to ISP participants, but instead are held in a unitized fund (the "ISP fund"), the majority of which consists of PNC common stock, and the remainder of which is invested in a money market fund. The percentage of assets in the ISP fund that are deemed to be invested in PNC common stock fluctuates from time to time and is not the result of volitional or discretionary actions of the reporting person.
FAQ
What did PNC (PNC) Executive Vice President Robert Reilly report in this Form 4?
Robert Reilly reported vesting of multiple restricted stock unit awards and related tax-withholding share dispositions. The transactions involved PNC $5 par common stock and reflect routine equity compensation rather than open-market purchases or sales, updating his direct and indirect ownership positions.
How many PNC restricted stock units vested for Robert Reilly in February 2026?
Restricted stock units from 2023, 2024, and 2025 awards vested, delivering 3,094, 2,587, and 2,317 PNC common shares, respectively. These vestings followed Human Resources Committee approval of 100% payout based on service and risk-based performance criteria specified in each award agreement.
Were any of Robert Reilly’s PNC transactions open-market stock sales or purchases?
No open-market purchases or sales were reported. The Form 4 shows grant/award acquisitions from restricted stock unit vesting and tax-withholding dispositions coded “F,” where shares were delivered back to cover tax liabilities rather than sold in the open market.
What role did PNC’s Human Resources Committee play in these RSU vestings?
The Human Resources Committee approved 100% payout for the 2023, 2024, and 2025 restricted stock unit awards. Approval was based on meeting service requirements and achieving risk-based performance criteria, triggering the vesting and share delivery specified under each award’s terms.