Salesky Bryan Scott 4

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.