PNC (PNC) EVP Stephanie Novosel reports open-market sale of 1,800 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,800 shares ($411,714)
Net Sell
2 txns
Insider
Novosel Stephanie
Role
Executive Vice President
Sold
1,800 shs ($412K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | $5 Par Common Stock | 1,800 | $228.73 | $412K |
| holding | $5 Par Common Stock | -- | -- | -- |
Holdings After Transaction:
$5 Par Common Stock — 3,107 shares (Direct, null);
$5 Par Common Stock — 1,255 shares (Indirect, 401(k) Plan)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,800 shares
Sale price per share: $228.73/share
Direct holdings after sale: 3,107 shares
+2 more
5 metrics
Shares sold
1,800 shares
Open-market sale of $5 par common stock
Sale price per share
$228.73/share
Price for the 1,800 shares sold
Direct holdings after sale
3,107 shares
Direct PNC common stock held post-transaction
Indirect 401(k) holdings
1,255 shares
Shares held via PNC Incentive Savings Plan ISP fund
Net buy/sell shares
-1,800 shares
Transaction summary net-sell direction
Key Terms
open-market sale, defined contribution 401(k) plan, unitized fund, PNC Incentive Savings Plan
4 terms
open-market sale financial
"transaction_action: "open-market sale" for 1,800 shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
defined contribution 401(k) plan financial
"The PNC Incentive Savings Plan, a defined contribution 401(k) plan"
unitized fund financial
"shares are held in a unitized fund (the "ISP fund")"
PNC Incentive Savings Plan financial
"indirectly held for the account of the reporting person under The PNC Incentive Savings Plan"
FAQ
What insider transaction did PNC (PNC) Executive Vice President Stephanie Novosel report?
Stephanie Novosel reported an open-market sale of PNC common stock. She sold 1,800 shares of $5 par common stock at $228.73 per share, as disclosed in a Form 4, reflecting a net-sell transaction in her direct holdings.
What indirect PNC (PNC) holdings does Stephanie Novosel have through the PNC Incentive Savings Plan?
The Form 4 shows 1,255 PNC common shares indirectly held for Stephanie Novosel under The PNC Incentive Savings Plan, a defined contribution 401(k) plan. These shares are part of a unitized fund whose PNC stock percentage fluctuates without her volitional or discretionary actions.
Are Stephanie Novosel’s PNC (PNC) 401(k) plan holdings the result of discretionary trading?
According to the filing footnote, her 401(k) plan holdings are not the result of discretionary trading. The PNC Incentive Savings Plan uses a unitized fund, where the percentage invested in PNC stock changes over time without her volitional or discretionary actions.