PNC financial services group: director Daniel Hesse received 65 shares

What happened

• Daniel Hesse, director, received a grant/award of 65 derivative shares reported as an acquisition at $220.75 per share, for a total reported value of $14,349.

Key details

• Transaction date and price: Oct 1, 2026; 65 shares @ $220.75.
• Transaction type: Grant/award or other acquisition (code A); reported as a derivative.
• Filing date: Oct 5, 2026.
• Shares owned after the transaction: not reported in this filing.
• Relevant footnotes from the filing:
  • F1: One phantom stock unit is the economic equivalent of one share of PNC common stock; phantom stock units will be settled in cash upon distribution and generally do not expire.
  • F4: Deferred stock units ("DSUs") granted pursuant to 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 of one share on the payment determination date.
  • F2, F3, F5: note that phantom stock units or DSUs may include dividend equivalents acquired in transactions exempt from reporting since the filer’s last Form 4.

Why it may matter

• This was a derivative grant/award (deferred stock units or phantom stock units) rather than a market purchase or sale; it is reported as an award to the director.
• The filing does not show why the insider traded or why the company acted.