Form 4: PNC Financial Services Group Controller Kozich Reports Stock Vesting and Tax Withholding

Gregory H. Kozich, Controller of PNC Financial Services Group, reports the vesting of restricted stock units and related tax withholding on February 16, 2025.

Summary

• On February 16, 2025, Gregory H. Kozich, Controller of PNC Financial Services Group, had 716 shares of PNC common stock vest from a 2023 restricted share unit (RSU) award.
• These shares vested based on achievement against risk-based performance criteria.
• An additional 784 shares vested from a 2024 RSU award, also based on risk-based performance criteria.
• A total of 187 shares were withheld to cover tax liabilities related to the 2023 RSU vesting at a price of $193.91.
• Another 205 shares were withheld to cover tax liabilities related to the 2024 RSU vesting at a price of $193.91.
• Following these transactions, Kozich directly owns 16,688 shares of PNC common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock vesting and tax withholding, so the sentiment is neutral.

Positives

• The vesting of restricted stock units indicates that performance criteria were met, which could be viewed positively.

Industry Context

Form 4 filings are routine disclosures for company insiders and provide transparency into their transactions in the company's stock. This filing indicates the vesting of previously granted equity awards.

Stakeholder Impact

• The vesting of shares has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

PNC Financial Services Group, Gregory H. Kozich, restricted stock units, vesting, Form 4, Controller, tax withholding, common stock