HESSE DANIEL 4

What Happened

• Daniel Hesse, a director of PNC Financial Services Group (PNC), was granted 156 derivative units on 2026-07-01. The units are reported at $251.62 each for a total value of $39,253. The transaction is recorded as an award/grant (code A) and involves phantom stock units / deferred stock units rather than open-market share purchases.

Key Details

• Transaction date: 2026-07-01; reported value: 156 units × $251.62 = $39,253.
• Transaction type: Award/Grant (derivative units — phantom stock units / DSUs).
• Settlement: These units are the economic equivalent of one share each and are generally settled in cash or, under the Directors Deferred Stock Unit Program, may be paid in shares (see footnotes F1 and F4). Some units may reflect dividend equivalents acquired after the prior Form 4 filing (F2, F3, F5).
• Shares/units owned after transaction: Not specified in this Form 4.
• Filing date: 2026-07-06 (the grant occurred 2026-07-01); Form 4s for directors are typically due within two business days, so this filing date is later than that standard window.

Context

• Deferred stock units and phantom stock units are commonly used as director compensation and represent future economic exposure to the company rather than immediate stock ownership; such awards are routine and do not by themselves indicate buying or selling intent.