PNC: Andrew T. Feldstein acquires 176 stock-linked units
The reported holdings include phantom units settled in cash upon distribution and deferred stock units payable at retirement, with a limited cash alternative.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
PNC Financial Services Group, Inc. director Andrew T. Feldstein reported acquiring 176 phantom stock units on October 1, 2026, including dividend equivalents under the PNC Deferred Compensation Plan acquired in exempt transactions after his most recent Form 4. His reported post-transaction balance in that plan was 21,560 phantom stock units. His October 1 holdings also included 6,517 phantom stock units under the PNC Outside Directors Deferred Stock Unit Plan and 12,743 direct deferred stock units under the PNC Directors Deferred Stock Unit Program.
Insider Trade Summary
Grant/Award: 176 shares
Grant/Award
3 txns
Insider
Feldstein Andrew T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit F1, F2 | 176 | $220.75 | $39K |
| holding | Phantom Stock Unit F1, F3 | -- | -- | -- |
| holding | Deferred Stock Unit F4, F5 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 21,560 contracts (Indirect, Deferred Compensation Plan);
Phantom Stock Unit — 6,517 contracts (Indirect, Deferred Stock Unit Plan);
Deferred Stock Unit — 12,743 contracts (Direct)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Outside Directors Deferred Stock Unit Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
- F4. 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.
- F5. 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 units acquired: 176 phantom stock units
Post-transaction phantom stock unit balance: 21,560 phantom stock units
Phantom stock unit balance: 6,517 phantom stock units
+1 more
4 metrics
Phantom stock units acquired
176 phantom stock units
October 1, 2026; includes dividend equivalents under the PNC Deferred Compensation Plan
Post-transaction phantom stock unit balance
21,560 phantom stock units
PNC Deferred Compensation Plan, October 1, 2026
Phantom stock unit balance
6,517 phantom stock units
PNC Outside Directors Deferred Stock Unit Plan, October 1, 2026
Deferred stock unit balance
12,743 deferred stock units
Direct holdings under the PNC Directors Deferred Stock Unit Program, October 1, 2026
Key Terms
phantom stock unit, Deferred stock units, dividend equivalents
3 terms
phantom stock unit technical
"One phantom stock unit is the economic equivalent of one share"
Deferred stock units technical
"Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"acquired by the reporting person as dividend equivalents"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many PNC phantom stock units did Andrew T. Feldstein acquire?
Andrew T. Feldstein, a PNC director, reported acquiring 176 phantom stock units on October 1, 2026. These included dividend equivalents under the PNC Deferred Compensation Plan acquired in exempt transactions after his most recent Form 4.
How do PNC phantom stock units settle?
Each phantom stock unit is the economic equivalent of one share of PNC common stock. The units are settled in cash upon distribution and generally do not expire.
What do PNC deferred stock units entitle Andrew T. Feldstein to receive?
Each deferred stock unit 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 on the payment determination date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
