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PNC FINANCIAL SERVICES GROUP, INC. — Director's Dealing 2015
Feb 18, 2015
29908_dirs_2015-02-18_59c8c5e5-714c-43dc-8fd7-e8d3142b9238.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PNC FINANCIAL SERVICES GROUP, INC. (PNC)
CIK: 0000713676
Period of Report: 2015-02-13
Reporting Person: Esposito Orlando C. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-13 | $5 Par Common Stock | A | 889 | $0.00 | Acquired | 10936 | Direct |
| 2015-02-13 | $5 Par Common Stock | F | 302 | $91.955 | Disposed | 10634 | Direct |
Footnotes
F1: On February 13, 2015, 889 shares of PNC Common Stock vested following the approval of the Personnel and Compensation Committee of the PNC Board of Directors on January 28, 2015 of a payout of 120.32% based on performance against established criteria of previously granted performance based restricted share units to the reporting person. The grant was made on February 13, 2014 and was expressed as a "target" number of share units, with payout contingent on PNC having achieved related performance criteria. The share units pay out, if at all, in shares of PNC Common Stock, with any accrued dividend equivalents being paid out in cash. Subject to the Committee's discretion, the target number of share units may be reduced (down to 75% of target) or increased (up to 125% of target), based on PNC total shareholder return for the prior fiscal year.
F2: Represents shares withheld to cover the reporting person's tax liability in connection with the performance based restricted share units awarded on February 13, 2015 and granted on February 13, 2014.