PNC Financial Services Group (PNC) EVP reports PSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The PNC Financial Services Group executive Alexander E. Overstrom reported equity compensation activity tied to a performance award. On February 12, 2026, 6,163 shares of PNC common stock vested from performance share units granted on February 16, 2023, following Human Resources Committee approval of a 119.57% payout based on service and performance conditions. The award paid out in PNC shares, with dividend equivalents in cash. On the same date, 2,052 shares were withheld to cover his tax liability at a price of $229.68 per share, leaving him with 20,746 PNC common shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Overstrom Alexander E. C.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $5 Par Common Stock | 6,163 | $0.00 | -- |
| Tax Withholding | $5 Par Common Stock | 2,052 | $229.68 | $471K |
Holdings After Transaction:
$5 Par Common Stock — 22,798 shares (Direct)
Footnotes (1)
- On February 12, 2026, 6,163 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of performance share units granted to the reporting person on February 16, 2023 (the "2023 PSUs"), following approval by the Human Resources Committee (the "Committee") of a payout of 119.57% based on the satisfaction of the reporting person's service requirements and achievement against performance criteria established under the award. Pursuant to the award, the 2023 PSUs 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 PSUs.
FAQ
What insider transactions did PNC (PNC) report for Alexander E. Overstrom?
Alexander E. Overstrom reported vesting of 6,163 PNC common shares from performance share units on February 12, 2026. On the same day, 2,052 shares were withheld to satisfy tax obligations, leaving him with 20,746 PNC shares held directly afterward.
What role does Alexander E. Overstrom hold at PNC (PNC) in this Form 4?
In this Form 4, Alexander E. Overstrom is identified as an Executive Vice President of The PNC Financial Services Group, Inc. He is not listed as a director or 10% owner, and the filing reports equity compensation-related share vesting and tax withholding.