Van Wyk Steven C. 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Feb 18, 2020
Insider Transaction Report
Form 4
Van Wyk Steven C.
Executive Vice President
Transactions
- Tax Payment
$5 Par Common Stock
2020-02-13$155.32/sh−804$124,877→ 26,971 total - Tax Payment
$5 Par Common Stock
2020-02-13$155.32/sh−2,441$379,136→ 30,752 total - Award
$5 Par Common Stock
2020-02-13$155.32/sh+1,865$289,672→ 27,775 total - Award
$5 Par Common Stock
2020-02-13$155.32/sh+6,222$966,401→ 33,193 total
Footnotes (4)
- [F1]On February 13, 2020, 1,865 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 13, 2019 (the "2019 RSUs"), following approval by the Personnel and Compensation Committee (the "Committee") of a payout of 100% based on the satisfaction of the reporting person's service requirements and achievement against the risk-based performance criteria established under the award. Pursuant to the award, the 2019 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
- [F2]Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2019 RSUs.
- [F3]On February 13, 2020, 6,222 shares of PNC common stock vested pursuant to an award of incentive performance units granted to the reporting person on February 16, 2017 (the "2017 IPUs"), following approval by the Committee of a payout of 110.18% based on achievement against performance criteria established under the award. Pursuant to the award, the 2017 IPUs pay out in shares of PNC common stock up to the target amount and in cash for the amount above target, and any accrued dividend equivalents are paid out in cash.
- [F4]Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2017 IPUs.