PNC EVP Cestello sells 4,279 company shares
PNC Financial Services Group executive vice president Louis Robert Cestello reported multiple stock transactions.
Rhea-AI Filing Summary
PNC Financial Services Group executive vice president Louis Robert Cestello reported multiple stock transactions. On February 18, he completed an open-market sale of 4,279 shares of $5 par common stock at $234.01 per share. Earlier, on February 14, 433 shares vested from a restricted stock unit award granted in 2025 after service and risk-based performance criteria were met, while 122 shares were withheld to cover related taxes. Additional tax-withholding dispositions of 306 and 352 shares occurred on February 16 at $229.32 per share. After these transactions, he directly owned 18,867 shares of PNC common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | $5 Par Common Stock | 4,279 | $234.01 | $1.00M |
| Exercise Price or Tax Liability | $5 Par Common Stock | 352 | $229.32 | $81K |
| Exercise Price or Tax Liability | $5 Par Common Stock | 306 | $229.32 | $70K |
| Grant/Award | $5 Par Common Stock | 433 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $5 Par Common Stock | 122 | $229.32 | $28K |
Footnotes (3)
- F1. On February 14, 2026, 433 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 14, 2025 (the "2025 RSUs"), following approval by the Human Resources Committee (the "Committee") of a payout of 100% based on the satisfaction of the reporting person's service requirements and achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2025 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
- F2. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2025 RSUs.
- F3. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of restricted share units previously reported on Form 3.
FAQ
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