Board member at PNC (PNC) awarded phantom and deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Khator Renu reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Renu Khator reported a routine compensation award of 126 phantom stock units on April 1, 2026, each economically equivalent to one share of PNC common stock at $209.24 per unit. These units are credited under a Deferred Compensation Plan, settle in cash, and generally do not expire, bringing her indirect phantom stock balance to 3,397 units.
The filing also updates holdings of Deferred Stock Units (DSUs), which now represent 3,847 underlying shares of PNC common stock under the Directors Deferred Stock Unit Program. Each DSU provides the right to receive one share of PNC common stock (or, in limited cases, cash equal to its fair market value) at retirement, reflecting ongoing board-level equity-based compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Khator Renu
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 126 | $209.24 | $26K |
| holding | Deferred Stock Unit | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 3,397 shares (Indirect, Deferred Compensation Plan);
Deferred Stock Unit — 3,847 shares (Direct)
Footnotes (1)
- 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. 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. 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 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. 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 granted: 126 units
Phantom unit reference price: $209.24 per unit
Phantom units after award: 3,397 units
+3 more
6 metrics
Phantom stock units granted
126 units
Award on April 1, 2026 under Deferred Compensation Plan
Phantom unit reference price
$209.24 per unit
Economic equivalent of one PNC common share
Phantom units after award
3,397 units
Total phantom stock units indirectly held after transaction
Deferred Stock Units outstanding
3,847 units
Each DSU linked to one PNC common share at retirement
Underlying shares for DSUs
3,847 shares
Underlying $5 par PNC common stock tied to DSUs
Exercise price for derivatives
$0.00
Conversion or exercise price for reported derivative holdings
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, Deferred Stock Unit, Dividend equivalents, +2 more
6 terms
Phantom Stock Unit financial
"One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc."
Deferred Compensation Plan financial
"Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
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 phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan"
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
"granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan"
Directors Deferred Stock Unit Program financial
"Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program")"
FAQ
What insider transaction did PNC (PNC) director Renu Khator report?
Renu Khator reported a grant of 126 phantom stock units tied to PNC common stock. These units were awarded as compensation on April 1, 2026, and increase her indirect phantom stock balance to 3,397 units under PNC’s Deferred Compensation Plan.
What are phantom stock units in the PNC (PNC) Form 4 filing?
Each phantom stock unit is economically equivalent to one PNC share but settles in cash rather than stock. The award tracks PNC’s share price over time and is part of non-cash compensation for the director, generally without an expiration date.
How many phantom stock units does the PNC (PNC) director hold after this award?
After the April 1, 2026 award, Renu Khator holds 3,397 phantom stock units indirectly through the Deferred Compensation Plan. This total includes the newly granted 126 units and prior units, including dividend equivalents credited under the same plan.
What are Deferred Stock Units (DSUs) reported in the PNC (PNC) filing?
Deferred Stock Units are awards under PNC’s Directors Deferred Stock Unit Program. Each DSU generally entitles the director, at retirement, to receive one share of PNC common stock or, in limited cases, cash equal to the share’s fair market value.
How many Deferred Stock Units does the PNC (PNC) director now hold?
The Form 4 shows 3,847 Deferred Stock Units outstanding, each linked to one underlying share of PNC common stock. This figure includes DSUs granted under the Program and DSUs added as dividend equivalents since the director’s prior Form 4 filing.