PNC EVP Overstrom reports PSU vesting and tax shares
The PNC Financial Services Group executive Alexander E. Overstrom reported equity compensation activity tied to a performance award.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $5 Par Common Stock | 6,163 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $5 Par Common Stock | 2,052 | $229.68 | $471K |
Footnotes (2)
- F1. 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.
- F2. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2023 PSUs.
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