PNC EVP Novosel sells 1,800 shares in Form 4
PNC Financial Services Group Executive Vice President Stephanie Novosel reported an open-market sale of PNC common stock.
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Rhea-AI Filing Summary
PNC Financial Services Group Executive Vice President Stephanie Novosel reported an open-market sale of PNC common stock. She sold 1,800 shares of $5 par common stock at a price of $228.73 per share and now directly holds 3,107 shares.
The filing also notes 1,255 shares are indirectly held for her benefit through The PNC Incentive Savings Plan, a defined contribution 401(k) plan that invests in a unitized fund largely made up of PNC stock. The plan’s PNC stock exposure can change without her discretionary action.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | $5 Par Common Stock | 1,800 | $228.73 | $412K |
| holding | $5 Par Common Stock | -- | -- | -- |
Footnotes (1)
- F1. This amount represents the number of shares of PNC common stock indirectly held for the account of the reporting person under The PNC Incentive Savings Plan (the "ISP"), a defined contribution 401(k) plan, and reflects shares indirectly acquired in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4. Shares of PNC common stock are not directly allocated to ISP participants, but instead are held in a unitized fund (the "ISP fund"), the majority of which consists of PNC common stock, and the remainder of which is invested in a money market fund. The percentage of assets in the ISP fund that are deemed to be invested in PNC common stock fluctuates from time to time and is not the result of volitional or discretionary actions of the reporting person.
Key Figures
Key Terms
open-market sale financial
defined contribution 401(k) plan financial
unitized fund financial
PNC Incentive Savings Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PNC (PNC) Executive Vice President Stephanie Novosel report?
What indirect PNC (PNC) holdings does Stephanie Novosel have through the PNC Incentive Savings Plan?
Are Stephanie Novosel’s PNC (PNC) 401(k) plan holdings the result of discretionary trading?
AI-generated analysis. How Rhea-AI works. Not financial advice.