Van Wyk Steven C. 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Feb 20, 2019
Insider Transaction Report
Form 4
Van Wyk Steven C.
Executive Vice President
Transactions
- Tax Payment
$5 Par Common Stock
2019-02-15$124.15/sh−683$84,794→ 22,126 total - Award
$5 Par Common Stock
2019-02-15+1,584→ 22,809 total - Tax Payment
$5 Par Common Stock
2019-02-16$124.15/sh−587$72,876→ 22,829 total - Award
$5 Par Common Stock
2019-02-16+1,290→ 23,416 total
Footnotes (4)
- [F1]On February 15, 2019, 1,584 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested following approval by the Personnel and Compensation Committee of the PNC Board of Directors (the "Committee") on January 30, 2019 of a payout of 100% based on the satisfaction of the reporting person's service requirements and the organization's risk-based performance against established criteria as of the last day of the performance year. The shares vested pursuant to an award granted on February 15, 2018, expressed as a number of share units, with payout contingent on achievement of risk-related performance criteria. Pursuant to the award, the share units pay out, if at all, in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash. Subject to the Committee's discretion, the number of share units may be reduced (down to 0%) but may not exceed 100%.
- [F2]Represents shares withheld to cover the reporting person's tax liability in connection with the shares of PNC common stock that vested on February 15, 2019 pursuant to the award of restricted share units granted on February 15, 2018.
- [F3]On February 16, 2019, 1,290 shares of PNC common stock vested following approval by the Committee on January 30, 2019 of a payout of 83.02% based on performance against established criteria of previously granted performance based restricted share units to the reporting person. The shares vested pursuant to an award granted on February 16, 2017, expressed as a "target" number of share units, with payout contingent on PNC having achieved related performance criteria. Pursuant to the award, the share units pay out, if at all, in shares of PNC common stock, and any accrued dividend equivalents are 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 total shareholder return for the prior fiscal year.
- [F4]Represents shares withheld to cover the reporting person's tax liability in connection with the shares of PNC common stock that vested on February 16, 2019 pursuant to the award of performance based restricted share units granted on February 16, 2017.