4//SEC Filing
WHITFORD THOMAS K 4
Accession 0001209191-13-008150
CIK 0000713676other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 6:38 PM ET
Size
13.3 KB
Accession
0001209191-13-008150
Insider Transaction Report
Form 4
WHITFORD THOMAS K
Vice Chairman
Transactions
- Award
$5 Par Common Stock
2013-02-09+2,840→ 40,762 total - Tax Payment
$5 Par Common Stock
2013-02-09$63.59/sh−1,309$83,236→ 39,453 total - Award
$5 Par Common Stock
2013-02-09+3,227→ 42,680 total - Tax Payment
$5 Par Common Stock
2013-02-09$63.59/sh−1,057$67,212→ 41,623 total
Holdings
- 11,373(indirect: By 401(k))
$5 Par Common Stock
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 grants 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. On January 28, 2013 the Committee approved the payout level of these units. The reporting person received the target amount of units (including dividend equivalents), plus 3.66% based on the total shareholder return for PNC for the year ended December 31, 2012, which resulted in the vesting of 2,840 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, 2013.
- [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 grants 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. On January 28, 2013 the Committee approved the payout level of these units. The reporting person received the target amount of units (including dividend equivalents), plus 3.66% based on the total shareholder return for PNC for the year ended December 31, 2012, which resulted in the vesting of 3,227 shares of PNC Common Stock.
- [F4]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 Financial Services Group, Inc. ("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 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.
Documents
Issuer
PNC FINANCIAL SERVICES GROUP, INC.
CIK 0000713676
Entity typeother
Related Parties
1- filerCIK 0001194849
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 6:38 PM ET
- Size
- 13.3 KB