PUDLIN HELEN P 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Feb 13, 2012
Insider Transaction Report
Form 4
PUDLIN HELEN P
EVP & General Counsel
Transactions
- Award
$5 Par Common Stock
2012-02-09+2,141→ 138,769 total - Tax Payment
$5 Par Common Stock
2012-02-09$60.45/sh−674$40,743→ 138,095 total - Award
$5 Par Common Stock
2012-02-09+1,623→ 139,718 total - Tax Payment
$5 Par Common Stock
2012-02-09$60.45/sh−482$29,137→ 139,236 total
Footnotes (4)
- [F1]On February 9, 2011, the Personnel and Compensation Committee of the PNC Board of Directors granted performance based restricted share units to the reporting person. The grant was expressed as a "target" number of share units, with payout contingent on PNC having achieved related performance criteria. The share units pay out, if at all, in shares of PNC common stock, with any accrued dividend equivalents being paid out in cash. Subject to the Committee's discretion, the target number of share units may be reduced (down to 75% of target) or increased (up to 125% of target), based on PNC's total shareholder return for the prior fiscal year. The reporting person received the target amount of units (including dividend equivalents), less a reduction of 3.06% based on the total shareholder return for PNC for the year ended December 31, 2011, which resulted in the vesting of 2141 shares of PNC common stock.
- [F2]Shares have been withheld to cover the reporting person's tax liability in connection with the performance based restricted share units granted on February 9, 2011 and awarded on February 9, 2012.
- [F3]On February 9, 2011, the Personnel and Compensation Committee of the PNC Board of Directors granted performance based restricted share units to the reporting person. The grant was expressed as a "target" number of share units, with payout contingent on PNC having achieved related performance criteria. The share units pay out, if at all, in shares of PNC common stock, with any accrued dividend equivalents being paid out in cash. Subject to the Committee's discretion, the target number of share units may be reduced (down to 75% of target) or increased (up to 125% of target), based on PNC's total shareholder return for the prior fiscal year. The reporting person received the target amount of units (including dividend equivalents), less a reduction of 3.06% based on the total shareholder return for PNC for the year ended December 31, 2011, which resulted in the vesting of 1623 shares of PNC common stock.
- [F4]In prior ownership reports, the reporting person disclaimed any beneficial ownership interest in six shares of common stock beneficially owned by her daughter. The reporting person is no longer including such shares in her ownership reports. In this regard, it is noted that the reporting person's daughter does not share the same household as the reporting person.