Khator Renu 4

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.