PNC FINANCIAL SERVICES GROUP, INC. 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Feb 17, 2017
Insider Transaction Report
Form 4
Esposito Orlando C.
Executive Vice President
Transactions
- Award
$5 Par Common Stock
2017-02-15+2,943→ 17,695 total - Tax Payment
$5 Par Common Stock
2017-02-15$126.65/sh−1,000$126,650→ 16,695 total
Footnotes (2)
- [F1]On February 15, 2017, 2,943 shares of PNC common stock vested after the Personnel and Compensation Committee approved a payout of 99.54% based on performance against established criteria of previously granted incentive performance units to the reporting person. The grant was made on February 13, 2014 and expressed as a "target" number of share units, with payout contingent on PNC having achieved related performance criteria. Subject to the Committee's discretion, the reporting person is eligible to receive shares of PNC common stock (if PNC meets specified performance criteria up to the target level) and/or cash (if performance criteria exceeds the target level).
- [F2]Represents shares withheld to cover the reporting person's tax liability in connection with the incentive performance unit opportunity awarded on February 15, 2017 and granted on February 13, 2014.