PNC EVP Duane sells 1,500 shares
PNC Financial Services Group Executive Vice President Thomas Michael Duane reported an open-market sale of 1,500 shares of $5 Par Common Stock.
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Form Type
4
Rhea-AI Filing Summary
PNC Financial Services Group Executive Vice President Thomas Michael Duane reported an open-market sale of 1,500 shares of $5 Par Common Stock. The sale took place on June 12, 2026 at a weighted average price of $238.1367 per share, executed across multiple trades between $238.09 and $238.19.
After this transaction, Duane directly holds 5,059 shares, which include an aggregate of 30 shares acquired through the PNC Employee Stock Purchase Plan in transactions exempt from reporting under Rule 16a-11.
Insider Trade Summary
Net Seller: 1,500 shares
Net Sell
1 txn
Insider
Thomas Michael Duane
Role
Executive Vice President
Sold
1,500 shs ($357K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | $5 Par Common Stock | 1,500 | $238.1367 | $357K |
Holdings After Transaction:
$5 Par Common Stock — 5,059 shares (Direct)
Footnotes (2)
- F1. Represents the weighted average price of shares sold in multiple transactions with prices ranging from $238.09 to $238.19. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, The PNC Financial Services Group, Inc. ("PNC") or any security holder of PNC, upon request, full information regarding the number of shares sold at each separate price.
- F2. Includes an aggregate of 30 shares acquired by the reporting person under the PNC Employee Stock Purchase Plan in transactions exempted from reporting under Rule 16a-11.
Key Figures
Shares sold: 1,500 shares
Weighted average sale price: $238.1367 per share
Post-transaction holdings: 5,059 shares
+2 more
5 metrics
Shares sold
1,500 shares
Open-market sale on June 12, 2026
Weighted average sale price
$238.1367 per share
Common stock sale on June 12, 2026
Post-transaction holdings
5,059 shares
Direct ownership after reported sale
ESPP shares included
30 shares
Acquired under PNC Employee Stock Purchase Plan
Sale price range
$238.09–$238.19 per share
Multiple transactions comprising the reported sale
Key Terms
open-market sale, weighted average price, Employee Stock Purchase Plan, Rule 16a-11, +1 more
5 terms
open-market sale financial
"reports an open-market sale of 1,500 shares of $5 Par Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"at a weighted average price of $238.1367 per share"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Purchase Plan financial
"acquired by the reporting person under the PNC Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16a-11 regulatory
"in transactions exempted from reporting under Rule 16a-11"
Form 4 regulatory
"What insider transaction did PNC (PNC) report for Thomas Michael Duane?"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PNC (PNC) report for Thomas Michael Duane?
PNC reported that Executive Vice President Thomas Michael Duane sold 1,500 shares of $5 Par Common Stock in an open-market transaction on June 12, 2026, at a weighted average price of $238.1367 per share, executed across multiple trades within a narrow price range.
What type of transaction was reported in the PNC (PNC) Form 4 filing?
The Form 4 reports an open-market sale of common stock by Executive Vice President Thomas Michael Duane. The transaction is coded “S,” indicating a sale in open market or private transaction, and involves 1,500 shares of $5 Par Common Stock on June 12, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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