PNC (NYSE: PNC) director granted 102 phantom stock units as deferred pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NIBLOCK ROBERT A reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Robert A. Niblock received a compensation-related award of phantom stock units and updated his deferred stock unit holdings.
On July 1, 2026, he was granted 102 phantom stock units under the PNC Deferred Compensation Plan at an economic value tied to PNC common stock, bringing his indirect phantom stock holdings to 2,011 units. A separate entry reflects 5,736 deferred stock units, each representing the right to receive one share of PNC common stock at retirement under the directors’ Deferred Stock Unit Program. These instruments are primarily retirement and deferred compensation, not open-market stock purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
NIBLOCK ROBERT A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 102 | $251.62 | $26K |
| holding | Deferred Stock Unit | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 2,011 shares (Indirect, Deferred Compensation Plan);
Deferred Stock Unit — 5,736 shares (Direct, null)
Footnotes (1)
- One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire. Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4. Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's equity incentive plan. Each DSU represents the right to receive at retirement one share of 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. Includes DSUs acquired by the reporting person as dividend equivalents under the Program in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
Key Figures
Phantom stock grant: 102 units
Phantom stock grant price: $251.62 per unit
Phantom units after grant: 2,011 units
+2 more
5 metrics
Phantom stock grant
102 units
Grant under Deferred Compensation Plan on July 1, 2026
Phantom stock grant price
$251.62 per unit
Reference transaction price per phantom stock unit
Phantom units after grant
2,011 units
Total phantom stock units held indirectly after July 1, 2026
Deferred stock units
5,736 units
Deferred stock units representing future right to PNC shares
Underlying common stock
5,736 shares
Shares underlying deferred stock units reported as of July 1, 2026
Key Terms
phantom stock units, Deferred Compensation Plan, Deferred stock units ("DSUs"), equity incentive plan, +1 more
5 terms
phantom stock units financial
"One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. common stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Deferred stock units ("DSUs") financial
"Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program under PNC's equity incentive plan."
equity incentive plan financial
"DSUs granted pursuant to the PNC Directors Deferred Stock Unit Program under PNC's equity incentive plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
dividend equivalents financial
"Includes DSUs acquired by the reporting person as dividend equivalents under the Program in transactions exempt from reporting."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
FAQ
What did PNC (PNC) director Robert A. Niblock report in this Form 4?
He reported a grant of 102 phantom stock units and updated totals for deferred stock units. These entries reflect deferred compensation arrangements rather than open-market buying or selling of PNC common stock.
How many phantom stock units does Robert A. Niblock now hold at PNC (PNC)?
After the reported grant, he holds 2,011 phantom stock units in a Deferred Compensation Plan. Each phantom unit tracks the value of one PNC common share but will be settled in cash on distribution.
What is the size and value of the new phantom stock unit grant at PNC (PNC)?
The filing shows a grant of 102 phantom stock units at a reference price of $251.62 per unit. This award is part of a non-cash deferred compensation program linked to PNC’s common stock value.
What are deferred stock units (DSUs) reported by PNC (PNC) director Niblock?
Deferred stock units, or DSUs, represent the right to receive one share of PNC common stock at retirement. Niblock reports 5,736 DSUs under the PNC Directors Deferred Stock Unit Program, which is part of the company’s equity incentive plan.
Do the PNC (PNC) phantom stock and DSU holdings involve immediate stock issuance?
No, the phantom stock units are settled in cash upon future distribution, while DSUs convert to PNC common shares (or limited cash alternatives) at retirement. Both are deferred compensation, not immediate stock issuances or market trades.
Are dividend equivalents included in PNC (PNC) phantom stock and DSU totals for Niblock?
Yes. Footnotes state the reported totals include units acquired as dividend equivalents under the Deferred Compensation Plan and the Directors Deferred Stock Unit Program, in transactions exempt from separate reporting after his prior Form 4.