Dachille Douglas A. 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
PNC Director Douglas A. Dachille Receives 51 Phantom Stock Units
What Happened
Douglas A. Dachille, a director of PNC Financial Services Group (PNC), was granted 51 derivative units representing the economic equivalent of 51 shares on July 1, 2026. The reported per-unit value is $251.62, for a total reported value of $12,833. This transaction is an award (derivative), not an open-market purchase.
Key Details
- Transaction date: July 1, 2026; Report filed: July 6, 2026 (filed after the typical 2-business-day Form 4 window).
- Type: Award/Grant of derivative units (code A) — 51 units @ $251.62 = $12,833 (reported as derivative).
- Shares owned after transaction: Not specified in the filing.
- Footnotes summary:
- Phantom stock units are economic equivalents of PNC common shares and are generally settled in cash on distribution (they do not create immediate share ownership or voting rights).
- The filing references deferred stock/phantom unit programs and dividend-equivalent credits under PNC’s deferred compensation and directors’ DSU program.
- Timeliness: Filing appears late (filed 5 calendar days after the transaction); late Form 4s should be noted but do not by themselves indicate insider intent.
Context
Phantom stock units or deferred stock units (DSUs) are commonly used for director compensation and typically convert to cash (or, in limited cases, shares) at a later date — they differ from an outright stock purchase. Because this is a compensation award rather than a purchase or sale, it is generally considered routine compensation activity rather than a direct buy/sell signal about the director’s personal view of the company.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-07-01$251.62/sh+51$12,833→ 274 total(indirect: Deferred Compensation Plan)→ $5 Par Common Stock (51 underlying)
- 2,089
Deferred Stock Unit
[F3][F4]→ $5 Par Common Stock (2,089 underlying)
Footnotes (4)
- [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.
- [F3]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.
- [F4]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.