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

Director Richard J. Harshman reports changes in beneficial ownership of PNC Financial Services Group stock, including acquisitions of phantom stock units and deferred stock units.

Summary

• Richard J. Harshman, a director of PNC Financial Services Group, reported changes in his beneficial ownership of the company's securities.
• The changes include the acquisition of 41 phantom stock units on April 1, 2024, at a price of $159.94 per unit.
• He also holds 1,579 phantom stock units indirectly through a deferred compensation plan.
• Additionally, Harshman owns 6,051 deferred stock units, which represent the right to receive one share of PNC common stock upon retirement.
• These deferred stock units were granted under PNC's 2016 Incentive Award Plan.
• The report also includes dividend equivalents acquired under both the PNC Deferred Compensation Plan (16 phantom stock units) and the PNC Directors Deferred Stock Unit Program (61 DSUs).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reflects changes in beneficial ownership.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, in their company's stock. This allows investors to monitor insider activity, which can sometimes provide insights into the company's prospects.

Key Dates