Form 4: PNC Director Robert Niblock Reports Acquisition of Phantom Stock Units and Deferred Stock Units

Robert Niblock, a director of PNC Financial Services Group, reported the acquisition of phantom stock units and deferred stock units, as well as dividend equivalents, in a recent Form 4 filing.

Summary

• Robert Niblock, a director at PNC Financial Services Group, filed a Form 4 detailing changes in beneficial ownership.
• On October 1, 2024, Niblock acquired 73 phantom stock units, each equivalent to one share of PNC common stock, at a price of $179.89.
• He also holds 1,345 phantom stock units, including 12 acquired as dividend equivalents under the PNC Deferred Compensation Plan.
• Additionally, Niblock possesses 3,446 deferred stock units (DSUs) granted under the PNC Directors Deferred Stock Unit Program, representing the right to receive one share of PNC common stock upon retirement.
• This total includes 29 DSUs acquired as dividend equivalents under the Program.
• The filing was signed by Laura Gleason, Attorney-in-Fact for Robert A. Niblock, on October 3, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of phantom stock units and deferred stock units suggests continued alignment of the director's interests with the company's performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings and alignment with company performance.

Key Dates