PNC: director Debra A Cafaro received 119 shares

What happened

• Debra A Cafaro, director, received a grant/award of 119 derivative units (reported as 119 shares acquired) at $220.75 per unit for a total reported value of $26,269 on Oct 1, 2026. The Form 4 classifies the transaction as a derivative acquisition (code A).

Key details

• Transaction date and price: Oct 1, 2026; $220.75 per unit; total $26,269.
• Transaction type: Grant/award (derivative), transaction code A.
• Shares owned after the transaction: not specified in the filing.
• Filing date: Oct 5, 2026 (accession 0001628280-26-065055).
• Relevant footnotes included in the filing:
  • F1: One phantom stock unit equals one share of PNC common stock; phantom stock units will be settled in cash upon distribution and generally do not expire.
  • F2: Includes phantom stock units acquired as dividend equivalents under the PNC Deferred Compensation Plan in transactions exempt from reporting after the reporting person's most recent Form 4.
  • F3: Deferred stock units (DSUs) granted under the PNC Directors Deferred Stock Unit Program; 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 on the payment determination date.
  • F4: Includes DSUs acquired as dividend equivalents under the Program in transactions exempt from reporting after the reporting person's most recent Form 4.

Why it may matter

• The filing reports a grant of derivative units (phantom stock units/DSUs) rather than a market sale or purchase; these are typically settled in cash or represent rights to future shares.
• A filing does not show why the insider traded or why the company acted.