Form 4: PNC Director Niblock Reports Acquisition of Phantom Stock Units and Deferred Stock Units
SEC Form 4 Filing
Director Robert A. Niblock reports acquiring phantom stock units and deferred stock units in PNC Financial Services Group, Inc.
Summary
- Robert A. Niblock, a director of PNC Financial Services Group, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On January 2, 2025, Niblock acquired 68 phantom stock units at $191.39 each, and holds 1,424 phantom stock units indirectly through a Deferred Compensation Plan.
- Additionally, Niblock holds 3,475 deferred stock units (DSUs) granted under PNC's 2016 Incentive Award Plan.
- Each DSU represents the right to receive one share of PNC common stock at retirement or, in limited circumstances, cash equal to the fair market value of one share on the payment determination date.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock ownership of a company director.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Acquisition of phantom stock units. |
| 01/06/2025 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.