Dachille Douglas A. 4

What Happened

• Douglas A. Dachille, a director of PNC Financial Services Group, received an award of 31 deferred/phantom stock units (derivative securities) on 2026-04-01.
• The units were valued at $209.24 each, for a total grant value of approximately $6,486. This was recorded as an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-04-01; 31 units × $209.24 = $6,486 (derivative grant).
• Security type: Phantom stock units / Deferred Stock Units (DSUs) — classified as derivative awards rather than direct common stock.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing dated 2026-04-02 (reporting the 04-01 grant) — filed within the normal Form 4 window.
• Notable footnotes: F1–F4 explain that phantom stock units are economically equivalent to one share each and are generally settled in cash upon distribution; DSUs provide the right to receive one share at retirement (or cash in limited circumstances); some units include dividend equivalents that were acquired in exempt transactions after the most recent Form 4.

Context

• This is a compensation award to a director under PNC’s director deferred stock unit program, not a market purchase or sale — such awards are routine forms of director pay and do not by themselves indicate insider sentiment to buy or sell stock.
• Because these are derivative/phantom units, payout may be in cash or stock per plan terms and typically occurs at distribution/retirement.