SEC Form 4 · accession 0001209191-15-007937
PNC FINANCIAL SERVICES GROUP, INC. · PNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E William Parsley III
Officer — Executive Vice President
Period of report
Jan 28, 2015
Accepted (ET)
Jan 30, 2015 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000713676
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| $5 Par Common Stock | Jan 28, 2015 | A | 10,563 | $0.00 | A | 77,811 | D | |
| $5 Par Common Stock | Jan 28, 2015 | F | 5,448 | $84.925 | D | 72,363 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 28, 2015, 10,563 shares of PNC common stock vested after the Personnel and Compensation Committee approved a payout of 88.88% based on performance against established criteria of previously granted incentive performance units to the reporting person. The grant was made on February 7, 2012 and expressed as a target number of share units with an adjustment for phantom dividends over the February 7, 2012 to December 31, 2014 performance period. Subject to the Committee's discretion, the reporting person is eligible to receive shares of PNC common stock (if PNC meets specified performance criteria up to the target level) and/or cash (if performance criteria exceeds the target level).
- F2Represents shares withheld to cover the reporting person's tax liability in connection with the incentive performance unit opportunity awarded on January 28, 2015 and granted on February 7, 2012.
Remarks
See attached footnotes page.