PNC director granted 844 deferred stock units
ALVARADO JOSEPH reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
ALVARADO JOSEPH reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Joseph Alvarado received a grant of 844 deferred stock units. These units were awarded under PNC’s 2016 Incentive Award Plan through the Directors Deferred Stock Unit Program. Each deferred stock unit represents the right, generally at retirement, to receive one share of PNC common stock or, in limited cases, cash equal to its fair market value. Following this grant and prior dividend-equivalent credits, Alvarado now holds 9,691 deferred stock units directly.
Insider Trade Summary
Grant/Award: 844 shares
Grant/Award
1 txn
Insider
ALVARADO JOSEPH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 844 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Unit — 9,691 contracts (Direct)
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. 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
Deferred stock units granted: 844 units
Deferred stock units after grant: 9,691 units
Underlying common stock per DSU: 1 share
3 metrics
Deferred stock units granted
844 units
Grant on 2026-04-22 under directors’ DSU program
Deferred stock units after grant
9,691 units
Total DSUs directly held following the reported award
Underlying common stock per DSU
1 share
Each DSU represents right to one PNC common share at retirement
Key Terms
Deferred Stock Unit, dividend equivalents, 2016 Incentive Award Plan
3 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.
dividend equivalents financial
"Includes DSUs acquired by the reporting person as dividend equivalents under the Program"
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.
2016 Incentive Award Plan financial
"Program under PNC's 2016 Incentive Award Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PNC (PNC) director Joseph Alvarado report?
Director Joseph Alvarado reported receiving 844 deferred stock units as a compensation grant. These units were awarded under PNC’s 2016 Incentive Award Plan and increase his total deferred stock unit balance to 9,691, reflecting both the new grant and prior dividend-equivalent credits.
What is a deferred stock unit in the PNC (PNC) directors’ program?
A deferred stock unit in PNC’s directors’ program represents a future right to one share of PNC common stock. At retirement, the director generally receives stock, or in limited circumstances cash equal to the fair market value, according to the program’s terms under the 2016 Incentive Award Plan.
How many PNC (PNC) deferred stock units does Joseph Alvarado hold after this grant?
After the latest grant, Joseph Alvarado holds 9,691 deferred stock units. This total includes the newly granted 844 units plus additional units previously credited as dividend equivalents under the PNC Directors Deferred Stock Unit Program since his prior Form 4 filing.
What does the Form 4 say about the price of Joseph Alvarado’s PNC (PNC) deferred stock unit grant?
The Form 4 reports the 844 deferred stock units were granted at a price of $0.0000 per unit. This indicates a compensation award rather than a market purchase, consistent with grants made under PNC’s 2016 Incentive Award Plan for directors.
How are dividend equivalents treated in PNC (PNC) director deferred stock units?
Dividend equivalents under PNC’s director deferred stock unit program are credited as additional deferred stock units. The filing notes that Alvarado’s total includes units acquired as dividend equivalents in exempt transactions occurring after his most recent previous Form 4, increasing his deferred balance over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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