NIBLOCK ROBERT A 4

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

AI-generated summary of this filing

Updated Apr 2, 2026

PNC Director Robert A. Niblock Receives 62-Share Award

What Happened

Robert A. Niblock, a director of PNC Financial Services Group (PNC), received a grant of 62 derivative units on April 1, 2026. The grant is reported as 62 phantom stock units at a per‑unit value of $209.24, for a total reported value of $12,973.
This was an award (not an open‑market purchase or sale). Phantom stock units are a form of deferred/derivative compensation and do not represent immediate common‑stock ownership or an outright cash sale.

Key Details

Transaction date: April 1, 2026; Filing date: April 2, 2026.
Instrument and amount: 62 phantom stock units (derivative award) at $209.24 per unit; total value $12,973.
Shares owned after transaction: not stated in the Form 4 filing.
Notable footnotes:
- F1: Each phantom stock unit equals the economic equivalent of one share and will be settled in cash upon distribution.
- F2/F4: Some units may include amounts credited as dividend equivalents after the filer’s prior Form 4 (these were exempt, post‑reporting transactions).
- F3: DSUs (Deferred Stock Units) represent the right to receive one share at retirement or, in limited cases, cash.
Filing timeliness: Report filed the day after the reported transaction; no indication of a late filing in the document.

Context

Derivative awards like phantom stock units are deferred compensation—they provide economic exposure tied to the company’s stock price but are typically settled in cash (per the footnotes) and do not necessarily indicate immediate buying or selling of common stock.
For retail investors, such grants signal ongoing director compensation rather than an insider adding to or liquidating a public equity position.

Form 4

Period: 2026-04-01

Director

Transactions

Award
Phantom Stock Unit
[F1][F2]
2026-04-01$209.24/sh+62$12,973→ 1,894 total(indirect: Deferred Compensation Plan)
→ $5 Par Common Stock (62 underlying)

Holdings

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.

Signature

Laura Gleason, Attorney-in-Fact for Robert A. Niblock|2026-04-02

1 file