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

Signature
Laura Gleason, Attorney-in-Fact for Kieran J. Fallon
Stock symbol
PNC
Transactions as of
Feb 10, 2023
Transactions value $
$225,625
Form type
4
Date filed
2/14/2023, 08:55 PM
Previous filing
Feb 15, 2022
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNC $5 Par Common Stock Award $189K +1.19K +13.2% $159.34 10.2K Feb 10, 2023 Direct F1, F2
transaction PNC $5 Par Common Stock Tax liability -$52.6K -330 -3.24% $159.34 9.85K Feb 10, 2023 Direct F3
transaction PNC $5 Par Common Stock Award $123K +774 +7.86% $159.34 10.6K Feb 11, 2023 Direct F4
transaction PNC $5 Par Common Stock Tax liability -$34.3K -215 -2.02% $159.34 10.4K Feb 11, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2023, 1,187 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 Includes an aggregate of 33 shares acquired by the reporting person under the PNC Employee Stock Purchase Plan.
F3 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2022 RSUs.
F4 On February 11, 2023, 774 shares of PNC common stock vested pursuant to an award of restricted share units granted to the reporting person in the first quarter of 2021 (the "2021 RSUs"), based on achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2021 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
F5 Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2021 RSUs.