Form 4: PNC Financial Services Executive Vice President Reports Stock Transactions

Stephanie Novosel, Executive Vice President of PNC Financial Services Group, reports the withholding of shares for tax liability and indirect holdings through the 401(k) plan.

Summary

• Stephanie Novosel, an Executive Vice President at PNC Financial Services Group, filed a Form 4 detailing changes in her beneficial ownership of PNC stock.
• On February 10, 2025, 186 shares were withheld to cover her tax liability related to the vesting of restricted share units at a price of $197.28.
• Novosel also indirectly holds 1,204 shares through The PNC Incentive Savings Plan (ISP), a 401(k) plan.
• These shares are held in a unitized fund within the ISP, with the majority invested in PNC common stock and the remainder in a money market fund.
• The percentage of assets in the ISP fund invested in PNC common stock fluctuates and is not directly controlled by Novosel.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, PNC Financial Services Group, Stephanie Novosel, stock transaction, beneficial ownership, restricted share units, tax liability, 401(k) plan, PNC Incentive Savings Plan, ISP