PNC (NYSE: PNC) director granted 844 deferred stock units
Rhea-AI Filing Summary
HESSE DANIEL reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Daniel Hesse received a grant of 844 Deferred Stock Units (DSUs) tied to PNC common stock. This compensation award increased his directly held DSUs to 12,562 units, each representing the right at retirement to receive one PNC share or, in limited cases, cash of equivalent value.
He also has indirect holdings of phantom stock units economically equivalent to PNC shares, including units linked to 2,116 and 4,868 underlying PNC common shares through deferred stock and deferred compensation plans. These phantom units are generally settled in cash and typically do not expire.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HESSE DANIEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 844 | $0.00 | $0.00 |
| holding | Phantom Stock Unit | -- | -- | -- |
| holding | Phantom Stock Unit | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Unit — 12,562 shares (Direct);
Phantom Stock Unit — 4,868 shares (Indirect, Deferred Compensation Plan);
Phantom Stock Unit — 2,116 shares (Indirect, Deferred Stock Unit Plan)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Deferred Stock Units granted: 844 units
Direct DSU holdings after grant: 12,562 units
Phantom units in deferred stock plan: 2,116 underlying shares
+1 more
4 metrics
Deferred Stock Units granted
844 units
Grant of DSUs tied to $5 par common stock
Direct DSU holdings after grant
12,562 units
Total Deferred Stock Units following transaction
Phantom units in deferred stock plan
2,116 underlying shares
Phantom stock units, indirect ownership
Phantom units in deferred compensation plan
4,868 underlying shares
Phantom stock units, indirect ownership
Key Terms
Deferred Stock Unit, Phantom Stock Unit, Deferred Stock Unit Plan, Deferred Compensation Plan, +1 more
5 terms
Deferred Stock Unit financial
"Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program"
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
Phantom Stock Unit financial
"One phantom stock unit is the economic equivalent of one share of PNC common stock"
Deferred Stock Unit Plan financial
"nature_of_ownership": "Deferred Stock Unit Plan""
A deferred stock unit plan grants employees or executives hypothetical share units that convert into actual shares or cash at a future date, often after meeting conditions like continued employment or retirement. It matters to investors because it ties pay to long-term performance and creates a future claim on the company’s stock or cash, which can dilute existing shareholders or signal management’s confidence in future value — like a delayed bonus paid in ownership.
Deferred Compensation Plan financial
"nature_of_ownership": "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.
2016 Incentive Award Plan financial
"under PNC's 2016 Incentive Award Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PNC (PNC) director Daniel Hesse report in this Form 4?
Daniel Hesse reported a grant of 844 Deferred Stock Units (DSUs) linked to PNC common stock. This award increased his directly held DSUs to 12,562 units, representing retirement-linked rights to PNC shares or, in limited cases, cash of equivalent value.
What are Deferred Stock Units (DSUs) in the PNC (PNC) filing?
Deferred Stock Units are compensation awards that each represent the right to receive one PNC common share at retirement or, in limited circumstances, equivalent cash. They are granted under PNC’s 2016 Incentive Award Plan and accumulate as part of the director’s long-term equity-based compensation.
How many PNC (PNC) DSUs does Daniel Hesse hold after this transaction?
After receiving 844 DSUs, Daniel Hesse holds a total of 12,562 Deferred Stock Units directly. Each DSU is tied to one share of PNC common stock or equivalent cash at retirement, aligning his compensation with future company performance and shareholder value.
What are phantom stock units mentioned in the PNC (PNC) Form 4?
Phantom stock units are cash-settled units economically equivalent to one share of PNC common stock. In this filing, Hesse has phantom units linked to 2,116 and 4,868 underlying shares through deferred stock and deferred compensation plans, generally payable in cash and typically without expiration.