Dachille Douglas A. 4

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.