PNC Director Bryan Salesky Acquires Phantom Stock Under Deferred Comp Plan

Executive Summary

On October 5, 2026, PNC Financial Services Group, Inc. ($PNC) filed a Form 4 detailing an acquisition of phantom stock units by Director Bryan Scott Salesky. On October 1, 2026, Mr. Salesky acquired 119 phantom stock units at an effective price of $220.75 per unit, representing a transaction value of approximately $26,269.25.

Transaction Details

• Security: Phantom Stock Unit (convertible/settled in cash on a 1-for-1 basis with PNC common stock upon distribution)
• Transaction Code: 'A' (Grant, award, or other acquisition)
• Volume & Price: 119 units at $220.75 per unit
• Gross Value: $26,269.25
• Nature of Ownership: Indirect, held through the PNC Deferred Compensation Plan
• Post-Transaction Holdings: 2,510 phantom stock units held indirectly, alongside 5,779 Deferred Stock Units (DSUs) held directly.

Market and Governance Assessment

• Significance: Low. The transaction represents standard director compensation deferral into phantom stock units rather than an open-market discretionary purchase.
• Alignment: Increases director equity-linked exposure to PNC common stock, aligning board interests with long-term shareholder value.