Esposito Orlando C. 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Feb 16, 2018
Insider Transaction Report
Form 4
Esposito Orlando C.
Executive Vice President
Transactions
- Tax Payment
$5 Par Common Stock
2018-02-14$158.27/sh−1,069$169,191→ 17,168 total - Award
$5 Par Common Stock
2018-02-14+3,355→ 18,237 total
Footnotes (2)
- [F1]On February 14, 2018, 3,355 shares of PNC common stock vested after the Personnel and Compensation Committee of the PNC Board of Directors approved a payout of 107.18% based on performance against established criteria of previously granted incentive performance units to the reporting person. The grant was made on February 13, 2015 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 pf PNC common stock (if PNC meets specific 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 14, 2018 and granted on February 13, 2015.