Stacy M. Juchno - 10 Feb 2022 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Role
Executive Vice President
Signature
Alicia G. Powell, Attorney-in-Fact for Stacy M. Juchno
Issuer symbol
PNC
Transactions as of
10 Feb 2022
Transactions value $
$526,364
Form type
4
Filing time
14 Feb 2022, 15:46:40 UTC
Next filing
15 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Gift $0 -510 -4.94% $0.00 9.81K 19 Feb 2021 Direct
transaction PNC $5 Par Common Stock Gift $0 -125 -1.27% $0.00 9.69K 19 Oct 2021 Direct
transaction PNC $5 Par Common Stock Award $742K +3.52K +36.37% $210.63 13.2K 10 Feb 2022 Direct F1
transaction PNC $5 Par Common Stock Tax liability -$216K -1.03K -7.76% $210.63 12.2K 10 Feb 2022 Direct F2
holding PNC $5 Par Common Stock 1.12K 10 Feb 2022 Direct
holding PNC $5 Par Common Stock 103 10 Feb 2022 401(k) F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2022, 3,524 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 13, 2019 (the "2019 PSUs"), following approval by the Human Resources Committee of a payout of 118.95% based on achievement against performance criteria established under the award. Pursuant to the award, the 2019 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 2019 PSUs.
F3 The amount of securities beneficially owned represents the number of shares of common stock indirectly held for the account of the reporting person under The PNC Incentive Savings Plan (the "ISP"). Shares of PNC common stock are not directly allocated to ISP participants, but instead are held in a unitized fund, approximately 98% of which consists of PNC common stock, and the remainder of which is invested in a money market fund. The amount of securities beneficially owned reflects 4 shares indirectly acquired for the account of the reporting person under the ISP in transactions exempt from reporting under Rule 16a-3(f)(1)(i)(B) that occurred subsequent to the date of the reporting person's most recent filing on Form 4. The percentage of assets in the unitized fund investment option that are deemed to be invested in PNC common stock may vary from time to time.