Khator Renu 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
PNC Director Renu Khator Receives Award of 126 Phantom Units
What Happened Renu Khator, a director of The PNC Financial Services Group, Inc. (PNC), received a grant of 126 derivative units on April 1, 2026. The units are reported at a grant price of $209.24 each, for a total reported value of $26,364. The transaction is coded as an award/grant (A) and involves derivative instruments rather than direct shares.
Key Details
- Transaction date and terms: 2026-04-01; 126 units × $209.24 = $26,364 (reported as derivative).
- Transaction type: Award/Grant (A); described as phantom stock units / deferred stock units (DSUs).
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes:
- F1 — One phantom stock unit = economic equivalent of one PNC share; units are generally settled in cash upon distribution.
- F3 — DSUs represent the right to receive one share at retirement or, in limited cases, cash equal to the share’s fair market value.
- F2/F4 — Filing notes that additional phantom/DSU units may have been added as dividend equivalents in exempt transactions since the last Form 4.
- Timeliness: Filing dated 2026-04-02 for an Apr 1 transaction, which appears timely (Form 4 is generally due within two business days).
Context This was an award of deferred/phantom stock units, not an open-market purchase or sale of actual shares. Such grants are part of director compensation and are typically settled in cash or converted to stock under plan rules at a future date (e.g., retirement). Because these are awards (derivatives), they do not necessarily reflect immediate buying or selling sentiment by the insider.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-04-01$209.24/sh+126$26,364→ 3,397 total(indirect: Deferred Compensation Plan)→ $5 Par Common Stock (126 underlying)
- 3,847
Deferred Stock Unit
[F3][F4]→ $5 Par Common Stock (3,847 underlying)
Footnotes (4)
- [F1]One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.
- [F2]Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
- [F3]Deferred stock units ("DSUs") 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 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.
- [F4]Includes DSUs acquired by the reporting person as dividend equivalents under the Program in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.