PNC Director Renu Khator Acquires Phantom Stock Units via Deferred Comp Plan

Executive Summary

On October 1, 2026, Dr. Renu Khator, a member of the Board of Directors of The PNC Financial Services Group, Inc. ($PNC), acquired 119 phantom stock units at a price of $220.75 per unit, representing a total transaction value of $26,269.25.

Transaction Details

• Security: Phantom Stock Unit (convertible 1-for-1 to common stock or cash equivalent upon distribution)
• Transaction Code: 'A' (Grant, award, or other acquisition)
• Date: October 1, 2026
• Volume & Price: 119 units at $220.75 per unit
• Value: $26,269.25
• Ownership Post-Transaction: 3,774 phantom stock units held indirectly through PNC's Deferred Compensation Plan, alongside 4,754 deferred stock units held directly.

Market & Governance Context

This acquisition represents a routine quarterly or scheduled credit under PNC's Deferred Compensation Plan for non-employee directors, where director fees are deferred into phantom stock equivalents. Because this reflects predetermined board compensation arrangements rather than open-market discretionary purchases, it carries low trading significance.