Khator Renu 4
4 · PNC FINANCIAL SERVICES GROUP, INC. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
PNC Director Renu Khator Receives 204 Phantom Stock Units
What Happened
Renu Khator, a director of PNC Financial Services Group, received a grant of 204 derivative phantom stock units on July 1, 2026. The units are reported at $251.62 each for a total value of $51,330 (transaction code A — award/grant). These are derivative awards (phantom/DSU-style units), not open-market purchases or sales.
Key Details
- Transaction date: 2026-07-01; Filing date (SEC Accession): 2026-07-06.
- Instrument: 204 phantom stock units (derivative), $251.62 per unit, total reported value $51,330. (Code A = Award/Grant)
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes: F1–F4 indicate these are phantom stock units/DSUs (deferred stock units), may include dividend equivalents, and are generally settled in cash or shares at distribution/retirement.
- Timeliness: Filing appears after the transaction (filed 5 days later); Form 4s are normally required within two business days, so this filing may be late.
Context
Phantom stock units and DSUs are deferred, derivative awards that typically pay out in cash or shares at a future distribution date (often retirement) and do not represent an immediate purchase of common stock. Such grants are routine compensation for directors and do not by themselves indicate a near-term buy or sell signal. The footnotes clarify dividend-equivalent credits and that the units generally do not expire.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-07-01$251.62/sh+204$51,330→ 3,627 total(indirect: Deferred Compensation Plan)→ $5 Par Common Stock (204 underlying)
- 4,719
Deferred Stock Unit
[F3][F4]→ $5 Par Common Stock (4,719 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.