HARSHMAN RICHARD J 4

What Happened Richard J. Harshman, a director of PNC Financial Services Group (PNC), was granted 32 derivative awards (deferred/phantom stock units) on April 1, 2026. The filing reports a per-unit value of $209.24 for a total reported value of $6,696. This transaction is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (filed the next day, within normal reporting window).
• Type/code: Award/Grant (A) — derivative securities (phantom stock units / deferred stock units).
• Amount: 32 units × $209.24 = $6,696 (reported).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1–F4 explain these are phantom stock units/DSUs that are economically equivalent to one share each, are generally settled in cash (or in limited cases one share at distribution), and may include dividend equivalents from deferred-compensation arrangements.
• No 10b5-1 plan, tax-withholding sale, or late-filing indication is noted in the provided details.

Context These awards are a form of deferred director compensation tied to PNC's stock value and typically vest or are paid out later in cash or shares (e.g., at retirement). Such grants are routine for directors and do not by themselves indicate whether the director is bullish or bearish on the company's stock.