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PNC FINANCIAL SERVICES GROUP, INC.·4

Apr 24, 11:21 AM ET

HESSE DANIEL 4

Research Summary

AI-generated summary

Updated

PNC Director Daniel Hesse Receives 844 Deferred Stock Units

What Happened
Daniel Hesse, a director of The PNC Financial Services Group, Inc. (PNC), received a grant of 844 deferred stock units (DSUs) on April 22, 2026. The Form 4 reports the award as a derivative grant (transaction code A) at a reported price of $0.00 (typical for deferred-unit awards); no cash changed hands at grant. The Form 4 was filed April 24, 2026.

Key Details

  • Transaction date: 2026-04-22; Form 4 filed: 2026-04-24 (appears timely).
  • Transaction type/code: Award/Grant (A) — 844 deferred stock units reported as derivative securities.
  • Reported price: $0.00 (common for deferred units; not a market purchase).
  • Shares owned after transaction: Not specified in the information provided in this summary.
  • Footnotes:
    • F1: These are Deferred Stock Units under PNC’s Directors Deferred Stock Unit Program — each DSU generally converts to one share at retirement (or, in limited cases, cash equal to the share’s fair market value).
    • F2: Phantom stock units are the economic equivalent of one PNC share and are settled in cash upon distribution.

Context
Deferred stock units and phantom stock units are a form of director compensation that pay out later in stock or cash and do not represent an immediate purchase or sale of shares. Such awards are routine for non-employee directors and should be viewed as compensation rather than a direct bullish/bearish insider trade.