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

Gregory H. Kozich, Controller of PNC Financial Services Group, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On February 10, 2025, Gregory H. Kozich, Controller of PNC Financial Services Group, had 577 shares of PNC common stock vest as part of a restricted stock unit award granted in the first quarter of 2022.
• The vesting was based on the achievement of risk-based performance criteria.
• Additionally, 151 shares were withheld to cover Mr. Kozich's tax liability related to the vesting of these restricted stock units at a price of $197.28.
• Following these transactions, Mr. Kozich directly owns 15,580 shares of PNC common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock vesting and tax withholding, with no inherent positive or negative implications.

Industry Context

This is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The vesting of stock options and subsequent tax withholding has a minor impact on the company's equity structure and the reporting person's holdings.

Key Dates

Keywords

PNC Financial Services Group, Form 4, Stock Vesting, Restricted Stock Units, Tax Withholding, Gregory H. Kozich, Controller, PNC