Form 4: PNC Financial Services Group Director Cafaro Reports Changes in Beneficial Ownership

Debra A. Cafaro, a director of PNC Financial Services Group, reports acquisition of phantom stock units and deferred stock units.

Summary

• Debra A. Cafaro, a director at PNC Financial Services Group, filed a Form 4 detailing changes in her beneficial ownership.
• On January 2, 2025, Cafaro acquired 137 phantom stock units, each equivalent to one share of PNC common stock, at a price of $191.39.
• She also holds 8,544 deferred stock units (DSUs), granted under PNC's Directors Deferred Stock Unit Program, which represent the right to receive one share of PNC common stock upon retirement.
• The report includes DSUs acquired as dividend equivalents under the Program since her last Form 4 filing.
• The phantom stock units will be settled in cash upon distribution and generally do not expire.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, as required by the SEC. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates