Salesky Bryan Scott 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
PNC Director Salesky Bryan Scott Receives 184 Phantom Stock Units
What Happened
Salesky Bryan Scott, a director of PNC Financial Services Group, received an award of 184 derivative phantom stock units on July 1, 2026. The units were valued at $251.62 each for a total economic value of $46,298. This transaction is reported as an award/grant (code A) of a derivative security—not an open-market purchase.
Key Details
- Transaction date: July 1, 2026 — Award of 184 phantom stock units at $251.62 each (total $46,298).
- Transaction type/code: Award/Grant (A); derivative security (phantom stock units).
- Shares owned after transaction: Not specified in the filing.
- Footnote highlights:
- F1: Each phantom stock unit equals the economic equivalent of one PNC common share and will be settled in cash upon distribution.
- F2/F4: Some units may include dividend equivalents credited under PNC’s deferred compensation/Directors DSU programs in exempt transactions after the filer’s last Form 4.
- F3: DSUs under the Directors Deferred Stock Unit Program generally convert to one share at retirement or, in limited cases, cash.
- Filing timeliness: The Form 4 was filed July 6, 2026, five days after the July 1 transaction — later than the typical 2-business-day Form 4 filing window.
Context
This was a compensation award (derivative phantom units) rather than a market purchase or sale; such awards are routine for directors and reflect compensation arrangements rather than a direct vote of confidence via open-market buying. Phantom units generally provide cash or share-equivalent value at distribution and do not represent immediate share ownership or stock sale.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-07-01$251.62/sh+184$46,298→ 2,372 total(indirect: Deferred Compensation Plan)→ $5 Par Common Stock (184 underlying)
- 5,736
Deferred Stock Unit
[F3][F4]→ $5 Par Common Stock (5,736 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.