HANNON MICHAEL J 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Jul 24, 2023
Insider Transaction Report
Form 4
HANNON MICHAEL J
EVP and Chief Risk Officer
Transactions
- Other
$5 Par Common Stock
2023-07-20$128.38/sh+3,221$413,496→ 38,383 total
Holdings
- 10,000(indirect: by 2023 GRAT)
$5 Par Common Stock
- 146(indirect: By Spouse)
$5 Par Common Stock
Footnotes (2)
- [F1]The reporting person contributed 10,000 shares of The PNC Financial Services Group, Inc. ("PNC") common stock to a grantor retained annuity trust for the benefit of himself and his children on June 16, 2020. In connection with the termination of the trust in accordance with its terms on June 16, 2023, 3,221 shares of PNC common stock were reacquired by the reporting person from the trust on July 20, 2023. The reporting person believes the foregoing transfer represents a change in the form of his beneficial ownership of the subject shares, which is exempt from Section 16 under Rule 16a-13. The shares of PNC common stock that the trust previously distributed to the reporting person as annuity payments (in transfers exempt from Section 16 under Rule 16a-13) are reported on this Form 4 as directly beneficially owned.
- [F2]These shares were contributed to a grantor retained annuity trust on July 20, 2023 and were previously reported as directly beneficially owned.