Form 4: PNC Financial Services Group Director Richard J. Harshman Reports Changes in Beneficial Ownership

Richard J. Harshman, a director at PNC Financial Services Group, reported changes in his beneficial ownership of company stock, including acquisitions of phantom stock units and deferred stock units.

Summary

• On January 2, 2025, Richard J. Harshman, a director of PNC Financial Services Group, reported transactions involving phantom stock units and deferred stock units.
• He acquired 34 phantom stock units at a price of $191.39 each.
• He also holds 1,842 phantom stock units through the PNC Deferred Compensation Plan and 7,305 deferred stock units granted under the PNC Directors Deferred Stock Unit Program.
• These deferred stock units represent the right to receive one share of PNC common stock upon retirement.

Sentiment

Score: 5

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

Future Outlook

The deferred stock units will be settled in cash or stock upon the reporting person's retirement, according to the terms of the PNC Directors Deferred Stock Unit Program.

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 a company director.

Key Dates