Statement of Changes in Beneficial Ownership (4)
February 17 2021 - 6:47PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Jordan Gregory B. |
2. Issuer Name and Ticker or Trading Symbol
PNC FINANCIAL SERVICES GROUP, INC.
[
PNC
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) General Counsel and CAO |
(Last)
(First)
(Middle)
THE TOWER AT PNC PLAZA, 300 FIFTH AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/13/2021 |
(Street)
PITTSBURGH, PA 15222-2707
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
$5 Par Common Stock | 2/13/2021 | | A(1) | | 1975 | A | $162.27 | 63401 | D | |
$5 Par Common Stock | 2/13/2021 | | F(2) | | 812 | D | $162.27 | 62589 | D | |
$5 Par Common Stock | 2/13/2021 | | A(3) | | 1588 | A | $162.27 | 64177 | D | |
$5 Par Common Stock | 2/13/2021 | | F(4) | | 653 | D | $162.27 | 63524 | D | |
$5 Par Common Stock | 2/15/2021 | | A(5) | | 1522 | A | $162.27 | 65046 | D | |
$5 Par Common Stock | 2/15/2021 | | F(6) | | 626 | D | $162.27 | 64420 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | On February 13, 2021, 1,975 shares of The PNC Financial Services Group, Inc. ("PNC") common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 13, 2019 (the "2019 RSUs"), following approval by the Personnel and Compensation Committee (the "Committee") of a payout of 100% based on satisfaction of service requirements and achievement against risk-based performance criteria established under the award. Pursuant to the award, the 2019 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash. |
(2) | Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2019 RSUs. |
(3) | On February 13, 2021, 1,588 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 13, 2020 (the "2020 RSUs"), following approval by the Committee of a payout of 100% based on satisfaction of service requirements and achievement against risk-based performance criteria established under the award. Pursuant to the award, the 2020 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash. |
(4) | Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2020 RSUs. |
(5) | On February 15, 2021, 1,522 shares of PNC common stock vested pursuant to an award of restricted stock units granted to the reporting person on February 15, 2018 (the "2018 RSUs"), following approval by the Committee of a payout of 100% based on satisfaction of service requirements and achievement against risk-based performance criteria established under the award. Pursuant the award, the 2018 RSUs pay out in shares of PNC common stock, and any accrued dividend equivalents are paid out in cash. |
(6) | Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of the 2018 RSUs. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Jordan Gregory B. THE TOWER AT PNC PLAZA 300 FIFTH AVENUE PITTSBURGH, PA 15222-2707 |
|
| General Counsel and CAO |
|
Signatures
|
Alicia G. Powell, Attorney-in-Fact for Gregory B. Jordan | | 2/17/2021 |
**Signature of Reporting Person | Date |
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Jun 2024 to Jul 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Jul 2023 to Jul 2024