Dachille Douglas A. 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
PNC Director Douglas A. Dachille Receives 844 Deferred Stock Units
What Happened
Douglas A. Dachille, a director of PNC Financial Services Group (PNC), received a grant of 844 deferred/phantom stock units on April 22, 2026. The Form 4 reports these as a derivative award (code A) with an acquisition price of $0.00 — this was a compensation grant, not a purchase or sale.
Key Details
- Transaction date: 2026-04-22; Form filed: 2026-04-24.
- Transaction type/code: Grant/Award (A) of 844 units; reported acquisition price: $0.00 (derivative).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: These are Deferred Stock Units (DSUs) under PNC’s Directors Deferred Stock Unit Program — each DSU represents the right to receive one share at retirement, or in limited cases cash equal to fair market value at payment.
- F2: Phantom stock units are the economic equivalent of one share and are settled in cash when distributed; they generally do not expire.
- Timeliness: Filing does not indicate a late filing.
Context
This was a standard director compensation award (deferred/phantom units) rather than an open‑market trade. DSUs and phantom units are derivative grants that typically convert to shares or cash at a future distribution date (often retirement) and are common for non‑employee directors; such awards are compensation and should not be interpreted as an immediate buy/sell signal.
Insider Transaction Report
- Award
Deferred Stock Unit
[F1]2026-04-22+844→ 2,080 total→ $5 Par Common Stock (844 underlying)
- 221(indirect: Deferred Compensation Plan)
Phantom Stock Unit
[F2]→ $5 Par Common Stock (221 underlying)
Footnotes (2)
- [F1]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 The PNC Financial Services Group, Inc. ("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.
- [F2]One phantom stock unit is the economic equivalent of one share of PNC common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.