PNC EVP tax-withholds 1,147 shares; 7,090 shares remain direct
PNC Financial Services Group (PNC) reported an insider transaction by an Executive Vice President on a Form 4.
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Rhea-AI Filing Summary
PNC Financial Services Group (PNC) reported an insider transaction by an Executive Vice President on a Form 4. On 10/18/2025, the officer had 1,147 shares of $5 Par Common Stock withheld under transaction code F, which the filing explains represents shares withheld to cover tax liability upon the vesting of previously reported restricted share units.
The shares were valued at $179.4 per share for this withholding entry. Following the transaction, the reporting person beneficially owned 7,090 shares, held directly. The filer’s relationship to the issuer is listed as Officer — Executive Vice President.
Insights
Routine tax-withholding entry; not an open-market sale.
This Form 4 reports a code F transaction: 1,147 shares withheld at $179.4 per share on 10/18/2025 to satisfy taxes upon RSU vesting. Code F indicates the issuer withheld shares to cover taxes rather than a discretionary sale in the market.
After this event, the officer directly held 7,090 shares. These entries are administrative in nature and generally neutral in signaling, as they reflect tax obligations tied to equity vesting rather than a valuation call by the insider.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | $5 Par Common Stock | 1,147 | $179.40 | $206K |
Footnotes (1)
- F1. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of restricted share units previously reported on Form 3.
AI-generated analysis. How Rhea-AI works. Not financial advice.