NIBLOCK ROBERT A 4

What Happened

• Robert A. Niblock, a director of The PNC Financial Services Group, Inc. (PNC), received a grant of 844 deferred stock units (DSUs) on April 22, 2026. The grant is reported as a derivative award at $0.00 per unit (no immediate cash paid). This is a compensation-related award to a director, not an open-market purchase or sale.

Key Details

• Transaction date and price: April 22, 2026; 844 units granted at $0.00 (derivative award).
• Filing date: April 24, 2026 (the Form 4 was filed two days after the transaction).
• Shares/units owned after transaction: Not disclosed in this filing.
• Footnotes: The DSUs were granted under PNC’s Directors Deferred Stock Unit Program (2016 Incentive Award Plan). Each DSU generally represents the right to receive one share of PNC common stock at retirement (or, in limited cases, cash equal to the share’s fair market value). The filing also notes that one phantom stock unit is the economic equivalent of one share and will be settled in cash on distribution.
• Transaction code: A = Award/Grant (derivative).

Context

• Director DSU grants are routine compensation for board service and are deferred awards rather than immediate purchases or sales; they don’t necessarily signal an insider view on the company’s near-term prospects. DSUs typically convert to actual shares (or cash) upon the director’s retirement or at specified distribution dates.