PNC Director Robert A. Niblock Acquires Phantom Stock Units via Deferred Comp Plan

Executive Summary

On October 5, 2026, PNC Financial Services Group, Inc. (PNC) filed a Form 4 for Director Robert A. Niblock reporting an acquisition of 59 phantom stock units on October 1, 2026. The transaction was valued at $220.75 per unit, totaling approximately $13,024.25, executed under PNC's Deferred Compensation Plan.

Transaction Details

• Insider: Robert A. Niblock
• Role: Director
• Security: Phantom Stock Unit (settled in cash upon distribution; 1:1 economic equivalent of PNC common stock)
• Transaction Type: Acquisition (Code A)
• Units Transacted: 59
• Price per Unit: $220.75
• Total Value: $13,024.25
• Post-Transaction Beneficial Ownership:
  • 2,086 Phantom Stock Units held indirectly through the Deferred Compensation Plan.
  • 5,779 Deferred Stock Units held directly pursuant to the PNC Directors Deferred Stock Unit Program.

Market and Trading Context

This filing reflects routine quarterly director compensation deferred into phantom stock units rather than an open-market transaction. Given the standard administrative nature and modest dollar value, this transaction carries low trading significance and provides no new directional signal regarding PNC's broader operational trajectory.