CAFARO DEBRA A 4

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.