PNC director Cafaro acquires 119 dividend-linked units
A PNC director's units have different terms: phantom units settle in cash on distribution; deferred units carry a right to one share at retirement, with limited cash settlement.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
PNC Financial Services Group, Inc. director Debra A. Cafaro acquired 119 phantom stock units on October 1, 2026, as dividend equivalents through the Deferred Compensation Plan. Her reported indirect position after the transaction was 9,835 phantom stock units. She also held 11,139 deferred stock units directly; each represents the right to receive one PNC common share at retirement or, in limited circumstances, cash equal to one share's fair market value on the payment determination date.
Insider Trade Summary
Grant/Award: 119 shares
Grant/Award
2 txns
Insider
CAFARO DEBRA A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit F1, F2 | 119 | $220.75 | $26K |
| holding | Deferred Stock Unit F3, F4 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 9,835 contracts (Indirect, Deferred Compensation Plan);
Deferred Stock Unit — 11,139 contracts (Direct)
Footnotes (4)
- 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. 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.
- F4. 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: 119 units
Phantom stock units after transaction: 9,835 units
Deferred stock units: 11,139 units
3 metrics
Phantom stock units acquired
119 units
Dividend equivalents acquired October 1, 2026, through the Deferred Compensation Plan
Phantom stock units after transaction
9,835 units
Reported indirect position through the Deferred Compensation Plan
Deferred stock units
11,139 units
Reported direct holding on October 1, 2026
Key Terms
Phantom stock unit, Dividend equivalents, Deferred stock units, Fair market value
4 terms
Phantom stock unit financial
"One phantom stock unit is the economic equivalent of one share"
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.
Deferred stock units financial
"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.
Fair market value financial
"cash equal to the fair market value of one share"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many phantom stock units did PNC director Debra A. Cafaro acquire?
Debra A. Cafaro acquired 119 phantom stock units on October 1, 2026, as dividend equivalents through the Deferred Compensation Plan. Her reported indirect position after the transaction was 9,835 phantom stock units.
What do PNC director Debra A. Cafaro's deferred stock units provide?
The 11,139 deferred stock units she held directly were granted under the PNC Directors Deferred Stock Unit Program. They represent the right to receive one PNC common share at retirement or, in limited circumstances, cash equal to one share's fair market value on the payment determination date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
