Salesky Bryan Scott 4

What Happened

• Bryan Salesky, a director of PNC Financial Services Group (PNC), received a grant of 125 phantom stock units / deferred stock units (DSUs) on April 1, 2026. The units are reported at a per-unit value of $209.24 for a total grant value of $26,155. This transaction is an award (code A), not an open-market purchase or sale, and is typically part of director compensation.

Key Details

• Transaction date and price: 2026-04-01; 125 units @ $209.24 each; total reported value $26,155.
• Transaction type: Award/Grant of derivative units (code A).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes of note:
  • F1: Each phantom stock unit equals the economic equivalent of one PNC common share and will generally be settled in cash upon distribution.
  • F3: DSUs under the Directors Deferred Stock Unit Program represent the right to receive one share at retirement (or cash in limited circumstances).
  • F2/F4: Filing includes units acquired as dividend equivalents in exempt transactions since the last Form 4.
• Filing timeliness: Reported on Form 4 filed 2026-04-02 for a 2026-04-01 transaction (appears timely).

Context

• These are derivative, deferred compensation units rather than immediate common-stock ownership. Phantom stock units/DSUs reflect future economic value tied to PNC’s share price and are commonly used for director compensation; they do not necessarily indicate a near-term purchase or sale of shares. This is a routine compensation-related award rather than a signal of trading intent.