Form 4: PNC Financial Services Group Director Andrew Feldstein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Andrew Feldstein reports acquisition of deferred stock units and phantom stock units in PNC Financial Services Group.
Summary
- On April 23, 2025, Andrew T. Feldstein, a director of PNC Financial Services Group, reported changes in his beneficial ownership of the company's securities.
- Feldstein acquired 1,207 deferred stock units (DSUs) under the PNC Directors Deferred Stock Unit Program, each representing the right to receive one share of PNC common stock at retirement.
- He also has 6,195 phantom stock units held indirectly through a Deferred Stock Unit Plan and 18,892 phantom stock units held indirectly through a Deferred Compensation Plan.
- These phantom stock units are the economic equivalent of PNC common stock and will be settled in cash upon distribution.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The deferred stock units will be settled in PNC common stock at retirement, while phantom stock units will be settled in cash upon distribution.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/23/2025 | Date of the reported transaction (acquisition of deferred stock units). |
| 04/25/2025 | Date of signature on the Form 4 filing. |
Keywords
beneficial ownership, Form 4, PNC Financial Services Group, Andrew Feldstein, deferred stock units, phantom stock units, director, securities
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