HARSHMAN RICHARD J 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
PNC Director Richard J. Harshman Receives 844 DSU Award
What Happened
Richard J. Harshman, a director of The PNC Financial Services Group, Inc. (PNC), was granted 844 deferred stock units (DSUs) on April 22, 2026. The units were reported as a derivative award (transaction code A) at a price of $0.00 — standard for compensated equity awards. These DSUs represent a future right to receive one share of PNC common stock at retirement (or, in limited circumstances, cash).
Key Details
- Transaction date: 2026-04-22; Form 4 filed: 2026-04-24 (filed within the usual 2-business-day window).
- Grant details: 844 deferred stock units (derivative grant), reported at $0.00 per unit.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- F1: DSUs were granted under PNC’s Directors Deferred Stock Unit Program; typically convert to one share per unit at retirement or, in limited cases, cash equal to fair market value.
- F2: Phantom stock units (if applicable) are cash-settled equivalents of one share and generally do not expire.
- Transaction type: Award/Grant (A) — not an open-market purchase or sale.
Context
DSU grants are deferred compensation for directors and do not represent immediate open-market buying or selling. They create a future economic interest in company stock (or cash), and therefore are routine director compensation rather than direct signals of insider buying or selling.
Insider Transaction Report
- Award
Deferred Stock Unit
[F1]2026-04-22+844→ 9,691 total→ $5 Par Common Stock (844 underlying)
- 2,181(indirect: Deferred Compensation Plan)
Phantom Stock Unit
[F2]→ $5 Par Common Stock (2,181 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.