CAFARO DEBRA A 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
PNC Director Debra Cafaro Receives 844 DSU Award
What Happened
Debra A. Cafaro, a director of PNC Financial Services Group (PNC), was granted 844 deferred stock units (DSUs) on April 22, 2026. The Form 4 reports the award as 844 units at $0.00 (derivative), meaning no cash changed hands at grant — the units represent a future right to receive PNC common stock or, in limited cases, cash.
Key Details
- Transaction date: 2026-04-22; Filing date: 2026-04-24 (filed within the typical 2-business-day Form 4 window).
- Transaction type: Award/Grant (code A). Reported amount: 844 units; reported price: $0.00; reported immediate value: $0 (derivative award).
- Shares owned after transaction: not specified in the provided summary—see the full Form 4 for post-transaction holdings.
- Footnotes: F1 = Units are Deferred Stock Units under PNC’s Directors Deferred Stock Unit Program (each DSU generally converts to one share at retirement or, in limited circumstances, cash). F2 = Phantom stock units are the economic equivalent of one share and are ordinarily settled in cash.
- No indication in this filing of a 10b5-1 plan, tax withholding sale, or late filing flag.
Context
DSU grants to directors are a common form of board compensation and are not open-market purchases or sales; they provide future equity or cash tied to company stock but do not represent immediate share ownership. Because this is an awarded derivative unit, it is neutral as a near-term trading signal — it reflects routine director compensation rather than an express buy/sell decision.
Insider Transaction Report
- Award
Deferred Stock Unit
[F1]2026-04-22+844→ 10,982 total→ $5 Par Common Stock (844 underlying)
- 9,265(indirect: Deferred Compensation Plan)
Phantom Stock Unit
[F2]→ $5 Par Common Stock (9,265 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.