MICHAEL J. HANNON - 10 Feb 2023 Form 4 Insider Report for PNC FINANCIAL SERVICES GROUP, INC. (PNC)

Signature
Laura Gleason, Attorney-in-Fact for Michael J. Hannon
Issuer symbol
PNC
Transactions as of
10 Feb 2023
Net transactions value
+$188,977
Form type
4
Filing time
14 Feb 2023, 20:55:59 UTC
Previous filing
17 Feb 2022
Next filing
15 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $176,549 +1,108 +2.5% $159.34 46,099 10 Feb 2023 Direct F1
transaction PNC $5 Par Common Stock Tax liability $46,049 -289 -0.63% $159.34 45,810 10 Feb 2023 Direct F2
transaction PNC $5 Par Common Stock Award $79,192 +497 +1.1% $159.34 46,307 11 Feb 2023 Direct F3
transaction PNC $5 Par Common Stock Tax liability $20,714 -130 -0.28% $159.34 46,177 11 Feb 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2023, 1,108 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of restricted share units granted to the reporting person in the first quarter of 2022 (the "2022 RSUs"), based on achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2022 RSUs 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 2022 RSUs.
F3 On February 10, 2023, 497 shares of PNC common stock vested pursuant to an award of restricted share units granted to the reporting person in the first quarter of 2022 (the "2022 RSUs"), based on achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2022 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
F4 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2021 RSUs.