CAFARO DEBRA A 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
PNC Director Debra Cafaro Receives 126 Phantom Stock Units
What Happened
Debra A. Cafaro, a director of PNC Financial Services Group, received a grant of 126 derivative units (reported as an acquisition/award) on April 1, 2026. The units were recorded at $209.24 each, with a total reported value of $26,364. This was an award under PNC’s director compensation program (a routine compensation grant), not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-04-01; 126 units @ $209.24 each (total $26,364).
- Transaction type/code: A — Grant/Award (derivative units).
- Shares owned after transaction: Not specified in the provided report.
- Footnotes: F1–F4 indicate these are phantom stock units / deferred stock units (DSUs) that are the economic equivalent of one share each, generally settled in cash or converted to shares at retirement; some units may include dividend equivalents acquired in exempt transactions.
- Filing: Form 4 filed 2026-04-02 for the 2026-04-01 transaction (no late filing notation in the provided data).
Context
These units are deferred compensation for directors (phantom stock units / DSUs) and represent the right to receive the economic value of PNC common stock later (often at retirement or distribution), not an immediate purchase of shares. Such awards are routine director compensation and do not by themselves indicate insider buying or selling sentiment.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-04-01$209.24/sh+126$26,364→ 9,265 total(indirect: Deferred Compensation Plan)→ $5 Par Common Stock (126 underlying)
- 10,138
Deferred Stock Unit
[F3][F4]→ $5 Par Common Stock (10,138 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.