4//SEC Filing
PNC FINANCIAL SERVICES GROUP, INC. 4
Accession 0001209191-16-096845
$PNCCIK 0000713676operating
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 4:58 PM ET
Size
9.7 KB
Accession
0001209191-16-096845
Insider Transaction Report
Form 4
Hall Neil F
Executive Vice President
Transactions
- Award
$5 Par Common Stock
2016-02-07+1,179→ 31,013 total - Tax Payment
$5 Par Common Stock
2016-02-07$83.05/sh−406$33,718→ 30,607 total
Holdings
- 7,276(indirect: By 401(k))
$5 Par Common Stock
Footnotes (4)
- [F1]On February 7, 2016, 1179 shares of PNC Common Stock vested following the approval of the Personnel and Compensation Committee of the PNC Board of Directors on January 28, 2016 of a payout 106.81% based on performance against established criteria of previously granted performance based restricted share units to the reporting person. The grant was made on February 7, 2012 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 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 7, 2016 and granted on February 7, 2012.
- [F3]Includes an aggregate of 28 shares acquired by the reporting person through dividend reinvestment under the Issuer's Dividend Reinvestment and Stock Purchase Plan subsequent to the date of the reporting person's most recent filing on Form 4.
- [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 amount of securities beneficially owned reflects 43 shares indirectly acquired for the account of the reporting person under the ISP in transactions exempt from reporting under Rule 16a-3(f)(1)(i)(B) that occurred subsequent to the date of the reporting person's most recent filing on Form 4 providing Table I information. 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 typeoperating
IncorporatedPA
Related Parties
1- filerCIK 0000713676
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 4:58 PM ET
- Size
- 9.7 KB