Form 4: PNC Financial Services Executive Vice President Richard Bynum Reports Stock Vesting and Tax Withholding

Executive Vice President Richard Kevin Bynum reports the vesting of restricted stock units and subsequent tax withholding of shares.

Summary

• On February 10, 2025, Richard Kevin Bynum, an Executive Vice President at PNC Financial Services Group, Inc., had 444 shares of PNC common stock vest as part of a restricted stock unit (RSU) award granted on February 10, 2022.
• The vesting was approved by the Human Resources Committee based on the satisfaction of service requirements and achievement against risk-based performance criteria.
• Following the vesting, 158 shares were withheld to cover Bynum's tax liability.
• The price per share for the tax withholding was $197.28.
• After these transactions, Bynum directly owns 3,788 shares of PNC common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative performance for the company.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The vesting of stock options and restricted stock units is part of the overall compensation strategy that can impact employee motivation and retention.

Key Dates

Keywords

PNC Financial Services Group, Richard Kevin Bynum, Executive Vice President, Stock Vesting, Restricted Stock Units, Tax Withholding, Form 4, Beneficial Ownership