WARD MICHAEL J 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Apr 30, 2020
Insider Transaction Report
Form 4
WARD MICHAEL J
Director
Transactions
- Award
Deferred Stock Unit
2020-04-28+1,368→ 4,800 total→ $5 Par Common Stock (1,368 underlying)
Holdings
- 4,136(indirect: Deferred Compensation Plan)
Phantom Stock Unit
→ $5 Par Common Stock (4,136 underlying) - 1,701(indirect: Deferred Stock Unit Plan)
Phantom Stock Unit
→ $5 Par Common Stock (1,701 underlying)
Footnotes (2)
- [F1]Deferred stock unit ("DSU") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan. Each DSU represents the right to receive at retirement one share of The PNC Financial Services Group, Inc. ("PNC") common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program.
- [F2]One phantom stock unit is the economic equivalent of one share of PNC common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.