HARSHMAN RICHARD J 4

What Happened Richard J. Harshman, a director of The PNC Financial Services Group, Inc. (PNC), was granted 91 derivative units on July 1, 2026. The units are reported as a grant/award (code A) at a per-unit value of $251.62, for a total reported value of $22,897. These are phantom stock / deferred stock units (derivative awards), not an open-market purchase.

Key Details

• Transaction date: July 1, 2026; Filing date: July 6, 2026 (file appears later than the 2-business-day Form 4 reporting window).
• Award: 91 units at $251.62 per unit; total reported value $22,897.
• Transaction type: A (award/grant); derivative units (phantom stock / DSUs).
• Shares owned after transaction: not reported on this Form 4.
• Footnotes: F1–F4 indicate these are phantom stock units/DSUs (economic equivalent to one share), settled in cash upon distribution or converted to shares in limited circumstances, and include dividend-equivalent units acquired under PNC plans.

Context Director grants of DSUs/phantom stock are a common form of non-cash compensation and do not represent immediate open-market buying or selling. Phantom units generally track the economic value of shares and are paid in cash or converted to stock under plan terms (see footnotes). The late filing is noted but does not change the nature of the award.