PNC FINANCIAL SERVICES GROUP, INC. 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Feb 19, 2014
Insider Transaction Report
Form 4
GULLEY JOAN L
EVP & Chief HR Officer
Transactions
- Tax Payment
$5 Par Common Stock
2014-02-14$81.38/sh−990$80,561→ 20,611 total - Award
$5 Par Common Stock
2014-02-14+2,146→ 21,601 total
Footnotes (2)
- [F1]On February 14, 2014, 2,146 shares of PNC Common Stock vested following the approval of the Personnel and Compensation Committee of the PNC Board of Directors on January 28, 2014 of a payout of 125.00% based on performance against established criteria of previously granted performance based restricted share units to the reporting person. The grant was made on February 14, 2013 and 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.
- [F2]Represents shares withheld to cover the reporting person's tax liability in connection with the performance based restricted share units awarded on February 14, 2014 and granted on February 14, 2013.