Khator Renu 4

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.