Director Bryan Scott Salesky receives 844 DSUs at PNC (NYSE: PNC)
Rhea-AI Filing Summary
Salesky Bryan Scott reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Bryan Scott Salesky received a grant of 844 Deferred Stock Units (DSUs). These DSUs were awarded under PNC's 2016 Incentive Award Plan through the Directors Deferred Stock Unit Program and carry a stated price of $0.0000 per unit.
Following this grant, Salesky holds 5,701 DSUs directly, each representing the right to receive one share of PNC common stock, or in limited cases cash equal to its fair market value, at retirement. Separately, he is shown with 2,171 phantom stock units held indirectly through a Deferred Compensation Plan, which are economically equivalent to PNC common shares and are settled in cash.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant in deferred stock units at PNC.
PNC granted director Bryan Scott Salesky 844 Deferred Stock Units, lifting his direct DSU balance to 5,701 units. The grant is classified as a compensation-related award with a zero stated price, consistent with typical non-cash director compensation structures.
Footnotes explain that each DSU represents a future right at retirement to receive one PNC common share or, in limited cases, cash equal to the share’s fair market value. This aligns the director’s incentives with long-term shareholder value rather than near-term trading activity.
The filing also lists 2,171 phantom stock units held indirectly through a Deferred Compensation Plan, economically mirroring PNC stock but settled in cash. Overall, the activity reflects standard deferred equity compensation rather than an open-market purchase or sale, so its standalone impact on an investment view is limited.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 844 | $0.00 | -- |
| holding | Phantom Stock Unit | -- | -- | -- |
Footnotes (1)
- 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. One phantom stock unit is the economic equivalent of one share of PNC common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.