PNC EVP Bynum reports PSU share vesting
PNC Financial Services Group executive Richard Kevin Bynum, an Executive Vice President, reported equity compensation activity involving PNC common stock.
Rhea-AI Filing Summary
PNC Financial Services Group executive Richard Kevin Bynum, an Executive Vice President, reported equity compensation activity involving PNC common stock. On February 12, 2026, 2,538 shares vested from a 2023 performance share unit award after the Human Resources Committee approved a 119.57% payout.
The award paid out in PNC common stock, with any dividend equivalents paid in cash. On the same date, 794 shares were withheld to cover his tax liability related to this vesting, leaving him with 8,257 shares of PNC common stock held directly after these transactions.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $5 Par Common Stock | 2,538 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $5 Par Common Stock | 794 | $229.68 | $182K |
Footnotes (2)
- F1. On February 12, 2026, 2,538 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of performance share units granted to the reporting person on February 16, 2023 (the "2023 PSUs"), following approval by the Human Resources Committee (the "Committee") of a payout of 119.57% based on the satisfaction of the reporting person's service requirements and achievement against performance criteria established under the award. Pursuant to the award, the 2023 PSUs 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 2023 PSUs.
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