Feldstein Andrew T 4

4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

PNC Director Andrew T. Feldstein Receives 185 Phantom Shares ($38.7K)

What Happened

Andrew T. Feldstein, a director of PNC Financial Services Group (PNC), received a grant/award of 185 derivative units (phantom stock/DSUs) on 2026-04-01.
The units are reported at $209.24 each, for a total reported value of $38,709. This is an award (transaction code A), not an open-market purchase or sale.

Key Details

Transaction date: 2026-04-01; Form filed: 2026-04-02 (timely).
Price/value per unit: $209.24; total value: $38,709.
Transaction type: A = Grant/Award of derivative units (phantom stock / deferred stock units).
Shares owned after transaction: Not specified in this filing.
Footnotes of note:
- F1: One phantom stock unit = economic equivalent of one share; settled in cash when distributed.
- F4: DSUs are generally payable in stock at retirement or, in limited cases, cash equal to fair market value.
- F2/F3/F5: Some units include dividend equivalents credited in exempt transactions after the prior Form 4.
No indication this filing was late or subject to special sale plans (e.g., 10b5-1).

Context

This award appears to be routine director compensation (deferred/phantom stock units), which are generally used to compensate and retain directors rather than signal a direct buy/sell decision. Derivative awards like phantom units are typically settled in cash or converted to shares at a later date and differ from an immediate stock purchase.

Form 4

Period: 2026-04-01

Director

Transactions

Award
Phantom Stock Unit
[F1][F2]
2026-04-01$209.24/sh+185$38,709→ 20,664 total(indirect: Deferred Compensation Plan)
→ $5 Par Common Stock (185 underlying)

Holdings

Phantom Stock Unit
[F1][F3]
(indirect: Deferred Stock Unit Plan)
→ $5 Par Common Stock (6,417 underlying)
6,417
Deferred Stock Unit
[F4][F5]
→ $5 Par Common Stock (11,718 underlying)
11,718

Footnotes (5)

[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]Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Outside Directors Deferred Stock Unit Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
[F4]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.
[F5]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.

Signature

Laura Gleason, Attorney-in-Fact for Andrew T. Feldstein|2026-04-02

1 file