Bynum Richard Kevin 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
PNC EVP Richard Bynum Sells 7,407 Shares
What Happened
- Richard K. Bynum, Executive Vice President of PNC Financial Services Group, sold a total of 7,407 shares in open-market transactions on Feb 17, 2026, generating about $1,710,847 in proceeds (6,407 shares @ $230.95 and 1,000 shares @ $231.15).
- In the days prior, a total of 1,514 restricted stock units (RSUs) vested (440 on Feb 14, 602 on Feb 16, and 472 on Feb 16) as 100% payouts following Committee approval; 422 of those shares were withheld to cover tax liabilities.
Key Details
- Transaction dates & prices: Feb 14 (vested RSUs), Feb 16 (vested RSUs), Feb 17 (open-market sales at $230.95 and $231.15).
- Shares vested (awarded): 1,514 total (2025, 2024, 2023 RSU awards).
- Shares withheld for taxes: 422 shares (withholdings equaled $96,773 in gross value based on stipulated per-share amounts).
- Open-market sale proceeds: $1,710,847 (6,407 shares = $1,479,697; 1,000 shares = $231,150).
- Footnotes indicate RSU payouts were approved at 100% based on service and risk-based performance criteria; RSUs pay out in shares and accrued dividend equivalents were paid in cash.
- Shares owned after the transactions are not provided in the supplied filing excerpt.
- No late filing is indicated in the information you provided.
Context
- Code meanings: A = award/grant/vesting of RSUs; F = shares withheld to cover tax liability; S = sale (open market).
- These transactions show routine executive compensation vesting (RSUs) followed by tax-withholding and open-market selling. Such sales often reflect compensation liquidity needs or routine portfolio management rather than a direct signal of company outlook; the filing is factual and does not state the insider's motivations.
Insider Transaction Report
Form 4Exit
Bynum Richard Kevin
Executive Vice President
Transactions
- Award
$5 Par Common Stock
[F1]2026-02-14+440→ 8,697 total - Tax Payment
$5 Par Common Stock
[F2]2026-02-14$229.32/sh−123$28,206→ 8,574 total - Award
$5 Par Common Stock
[F3]2026-02-16+602→ 9,176 total - Tax Payment
$5 Par Common Stock
[F4]2026-02-16$229.32/sh−168$38,526→ 9,008 total - Award
$5 Par Common Stock
[F5]2026-02-16+472→ 9,480 total - Tax Payment
$5 Par Common Stock
[F6]2026-02-16$229.32/sh−131$30,041→ 9,349 total - Sale
$5 Par Common Stock
2026-02-17$230.95/sh−6,407$1,479,697→ 2,942 total - Sale
$5 Par Common Stock
2026-02-17$231.15/sh−1,000$231,150→ 1,942 total
Footnotes (6)
- [F1]On February 14, 2026, 440 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 14, 2025 (the "2025 RSUs"), following approval by the Human Resources 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 2025 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 2025 RSUs.
- [F3]On February 16, 2026, 602 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 16, 2024 (the "2024 RSUs"), following approval by 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 2024 RSUs pay out in shares of PNC common stock, 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 2024 RSUs.
- [F5]On February 16, 2026, 472 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 16, 2023 (the "2023 RSUs"), following approval by 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 2023 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
- [F6]Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2023 RSUs.
Signature
Laura Gleason, Attorney-in-Fact for Richard K. Bynum|2026-02-18