Form 4: PNC Executive Vice President Reports Stock Disposals to Cover Tax Obligations

Executive Vice President Michael Duane Thomas of PNC Financial Services Group reports disposals of common stock to cover tax liabilities related to vesting restricted share units.

Summary

• On February 16, 2025, Michael Duane Thomas, an Executive Vice President at PNC Financial Services Group, reported the disposal of PNC common stock.
• The disposals were made to cover the reporting person's tax liability in connection with the vesting of restricted share units previously reported on Form 3.
• Two transactions occurred on the same day, both marked with transaction code 'F', indicating that shares were withheld for tax purposes.
• In the first transaction, 231 shares were disposed of at a price of $193.91, leaving Thomas with 7,109 shares.
• In the second transaction, 341 shares were disposed of at a price of $193.91, leaving Thomas with 6,768 shares.
• The reporting person directly owns all the shares listed.

Sentiment

Score: 7

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes. It doesn't indicate any positive or negative outlook for the company.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It does not suggest any broader trend or issue within the financial services industry.

Key Dates

Keywords

PNC Financial Services Group, Michael Duane Thomas, Executive Vice President, Form 4, Stock Disposal, Tax Liability, Restricted Share Units, Beneficial Ownership