PNC (PNC) director Niblock granted 844 deferred stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PNC Financial Services Group director Robert A. Niblock received a compensation-related equity award in the form of deferred stock units. On the reported date, he was granted 844 Deferred Stock Units (DSUs) with an exercise price of $0.00, each tied to one share of PNC common stock.
Under PNC’s Directors Deferred Stock Unit Program, each DSU generally converts at retirement into either one share of PNC common stock or, in limited cases, cash equal to its fair market value. Following this grant, Niblock directly holds 5,701 DSUs and indirectly holds phantom stock units economically equivalent to 1,894 shares through a Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
NIBLOCK ROBERT A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 844 | $0.00 | -- |
| holding | Phantom Stock Unit | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Unit — 5,701 shares (Direct, null);
Phantom Stock Unit — 1,894 shares (Indirect, Deferred Compensation Plan)
Footnotes (1)
- Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan. Each DSU represents the right to receive at retirement one share of The PNC Financial Services Group, Inc. ("PNC") common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program. One phantom stock unit is the economic equivalent of one share of PNC common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.
Key Figures
Deferred Stock Units granted: 844 units
DSUs after transaction: 5,701 units
Phantom stock underlying shares: 1,894 shares
+2 more
5 metrics
Deferred Stock Units granted
844 units
Grant of Deferred Stock Units on 2026-04-22
DSUs after transaction
5,701 units
Total Deferred Stock Units directly held after grant
Phantom stock underlying shares
1,894 shares
Underlying $5 Par Common Stock for phantom stock units held indirectly
DSU exercise price
$0.00 per unit
Conversion or exercise price for Deferred Stock Units
Phantom stock exercise price
$0.00 per unit
Exercise price for phantom stock units economically equivalent to PNC shares
Key Terms
Deferred Stock Unit, Phantom stock unit, Directors Deferred Stock Unit Program, Deferred Compensation Plan, +1 more
5 terms
Deferred Stock Unit financial
"Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan."
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
Phantom stock unit financial
"One phantom stock unit is the economic equivalent of one share of PNC common stock."
Directors Deferred Stock Unit Program financial
"DSUs granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan."
Deferred Compensation Plan financial
"Phantom stock units will be settled in cash upon distribution to the reporting person."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
2016 Incentive Award Plan financial
"PNC Directors Deferred Stock Unit Program (the "Program") under PNC's 2016 Incentive Award Plan."
FAQ
What did PNC (PNC) director Robert A. Niblock report in this Form 4?
Robert A. Niblock reported receiving 844 Deferred Stock Units as compensation. These units are linked to PNC common stock and increase his deferred equity-based holdings, rather than representing an open-market purchase or sale of shares.
How many PNC deferred stock units does Robert A. Niblock hold after this transaction?
After this transaction, Robert A. Niblock holds 5,701 Deferred Stock Units directly. These units are part of a director compensation program and are generally payable in PNC common stock or cash at retirement, based on the plan’s terms.
What are Deferred Stock Units (DSUs) in the PNC director program?
Deferred Stock Units granted under PNC’s Directors Deferred Stock Unit Program each represent the right, at retirement, to receive one share of PNC common stock or, in limited cases, cash equal to that share’s fair market value, according to the plan’s terms.
What are phantom stock units reported by Robert A. Niblock in PNC (PNC) stock?
The filing notes phantom stock units that are economically equivalent to PNC common stock and are held indirectly through a Deferred Compensation Plan. These units are settled in cash upon distribution and generally do not expire, providing cash-based exposure to PNC’s share value.