Form 4: PNC Financial Services Group Director Daniel Hesse Reports Acquisition of Phantom Stock Units and Deferred Stock Units

Director Daniel Hesse reports acquiring phantom stock units and deferred stock units in PNC Financial Services Group, Inc.

Summary

• On April 1, 2025, Daniel Hesse, a director of PNC Financial Services Group, Inc., reported acquiring phantom stock units and deferred stock units.
• The transactions involve phantom stock units under the PNC Deferred Compensation Plan and the PNC Outside Directors Deferred Stock Unit Plan.
• Additionally, deferred stock units were granted under the PNC Directors Deferred Stock Unit Program.
• The reporting person acquired 83 phantom stock units at a price of $174.64.
• The reporting person indirectly owns 4,293 phantom stock units through a deferred compensation plan and 2,042 phantom stock units through a deferred stock unit plan.
• The reporting person directly owns 10,136 deferred stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The deferred stock units will be settled in cash or stock upon distribution to the reporting person, generally upon retirement.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency into the holdings of company directors. It is standard practice for directors to receive stock-based compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by increasing the number of shares potentially available in the future.

Key Dates

Keywords

Form 4, PNC Financial Services Group, Daniel Hesse, phantom stock units, deferred stock units, director, insider trading