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PNC FINANCIAL SERVICES GROUP, INC. — Director's Dealing 2021
Feb 12, 2021
29908_dirs_2021-02-12_4190e9c0-2de8-4fca-b7c0-7fcbfcaae913.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: 2021-02-10
Reporting Person: DEMCHAK WILLIAM S (President/CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-10 | $5 Par Common Stock | A | 38317 | $160.11 | Acquired | 437323 | Direct |
| 2021-02-10 | $5 Par Common Stock | F | 16489 | $160.11 | Disposed | 420834 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| $5 Par Common Stock | 2339 | Indirect |
Footnotes
F1: On February 10, 2021, 38,317 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of performance share units granted to the reporting person on February 15, 2018 (the "2018 PSUs"), following approval by the Personnel and Compensation Committee of a payout of 107.69% based on achievement against performance criteria established under the award. Pursuant to the award, the 2018 PSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash.
F2: Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2018 PSUs.
F3: The amount of securities beneficially owned represents the number of shares of common stock indirectly held for the account of the reporting
person under The PNC Incentive Savings Plan (the "ISP"). Shares of PNC common stock are not directly allocated to ISP participants, but
instead are held in a unitized fund, approximately 98% of which consists of PNC common stock, and the remainder of which is invested in a
money market fund. The amount of securities beneficially owned reflects 90 shares indirectly acquired for the account of the reporting person
under the ISP in transactions exempt from reporting under Rule 16a-3(f)(1)(i)(B) that occurred subsequent to the date of the reporting person's
most recent filing on Form 4 providing Table I information. The percentage of assets in the unitized fund investment option that are deemed to be
invested in PNC common stock may vary from time to time.