Feldstein Andrew T 4

4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

PNC Director Andrew T. Feldstein Receives 392 Phantom Stock Units

What Happened

Andrew T. Feldstein, a director of PNC Financial Services Group (PNC), was granted 392 phantom stock units on July 1, 2026. The filing reports an acquisition value of $251.62 per unit, totaling $98,635. The transaction is reported on Form 4 as an Award/Grant (code A) and is a derivative award rather than an open-market purchase.

Key Details

Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (reporting delay of several days relative to the transaction date).
Units granted: 392 phantom stock units at $251.62 each; total value $98,635.
Shares owned after transaction: not specified in the filing.
Transaction type/code: A = Award/Grant (derivative).
Footnotes summary:
- F1: Each phantom stock unit equals the economic equivalent of one PNC share and will be settled in cash upon distribution.
- F2–F3: Some units include dividend equivalents from PNC deferred compensation and outside directors' plans.
- F4–F5: DSUs (directors deferred stock units) represent rights to receive one share at retirement (or cash in limited cases) and may include dividend equivalents.
Timeliness: Form filed July 6 for a July 1 grant; Form 4s are generally due within two business days, so this filing appears later than typical.

Context

This was a compensation award to a director (common practice) and not an open-market purchase or sale. Phantom stock units/DSUs typically do not convey voting rights and are settled in cash or converted to shares per plan terms upon distribution or retirement. Such grants reflect director pay structure rather than an immediate buy/sell signal.

Form 4

Period: 2026-07-01

Director

Transactions

Award
Phantom Stock Unit
[F1][F2]
2026-07-01$251.62/sh+392$98,635→ 21,216 total(indirect: Deferred Compensation Plan)
→ $5 Par Common Stock (392 underlying)

Holdings

Phantom Stock Unit
[F1][F3]
(indirect: Deferred Stock Unit Plan)
→ $5 Par Common Stock (6,466 underlying)
6,466
Deferred Stock Unit
[F4][F5]
→ $5 Par Common Stock (12,648 underlying)
12,648

Footnotes (5)

[F1]One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.
[F2]Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4 for these securities.
[F3]Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Outside Directors Deferred Stock Unit Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4 for these securities.
[F4]Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's equity incentive plan. Each DSU represents the right to receive at retirement one share of 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.
[F5]Includes DSUs acquired by the reporting person as dividend equivalents under the Program in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4 for these securities.

Signature

Laura Gleason, Attorney-in-Fact for Andrew T. Feldstein|2026-07-06

1 file