PNC Financial (PNC) EVP Bynum gains shares from PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bynum Richard Kevin
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $5 Par Common Stock | 2,538 | $0.00 | -- |
| Tax Withholding | $5 Par Common Stock | 794 | $229.68 | $182K |
Holdings After Transaction:
$5 Par Common Stock — 9,051 shares (Direct)
Footnotes (1)
- 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. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2023 PSUs.
FAQ
What insider transaction did PNC (PNC) executive Richard Bynum report?
Richard Kevin Bynum reported vesting of equity compensation in PNC common stock. On February 12, 2026, 2,538 shares vested from his 2023 performance share unit award, with part of the shares withheld to satisfy related tax obligations.