Salesky Bryan Scott 4
Research Summary
AI-generated summary
PNC Director Salesky Bryan Scott Receives 844-Unit Award
What Happened
- Salesky Bryan Scott, a director of The PNC Financial Services Group, Inc. (PNC), was granted 844 deferred stock units/phantom units on 2026-04-22. The Form 4 shows an acquisition of 844 derivative units at $0.00 (code A — award/grant). This was not an open-market purchase or sale of shares, but a compensation award.
Key Details
- Transaction date: 2026-04-22; Form filed 2026-04-24 (filed within the normal reporting window).
- Units granted: 844 derivative units; reported price: $0.00 (award).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes:
- F1: These are deferred stock units (DSUs) under PNC’s Directors Deferred Stock Unit Program; each DSU generally entitles the holder to one share at retirement (or, in limited cases, cash equal to fair market value on payment).
- F2: Phantom stock units are the economic equivalent of one share and are generally settled in cash upon distribution.
- Filing timeliness: Filed two days after the transaction date (appears timely).
Context
- This is a routine director equity award (deferred compensation) rather than a market trade; such grants are typically for compensation and retention and do not by themselves indicate the director is buying or selling stock in the open market.
- The award represents future value payable in shares or cash per the plan terms and does not change immediate insider ownership via an open-market transaction.