PNC Financial Services Group, Inc.
PNC Financial Services Group Updates Compensation Awards for Section 16 Officers
Summary
On February 14, 2025, The PNC Financial Services Group, Inc.'s Board of Directors Human Resources Committee approved changes to the restricted share unit (RSU) awards and performance share unit (PSU) awards for Section 16 officers under the Corporation's 2016 Incentive Award Plan. The updated awards ensure that upon a qualifying termination of employment without cause or for good reason, any portion of the RSU Awards or PSU Awards that remain outstanding will continue to vest and be paid out as if the applicable grantee had remained employed by the Corporation for the entire performance period or service period underlying the applicable vesting schedule.
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About PNC Financial Services Group, Inc.
PNC Financial Services Group, Inc. is a diversified financial services institution that delivers comprehensive banking and financial solutions across the United States. Renowned for its broad range of services, PNC offers personal banking, mortgage and loan products, as well as wealth management and institutional banking solutions. It serves individual consumers, small businesses, and corporations, providing tailored services to meet various financial needs. PNC is distinguished by its regional community banking model, fostering strong local connections while offering the capabilities of a large financial organization. The company plays a crucial role in the financial market by facilitating capital flow and supporting economic growth through its lending and financial advisory services. As one of the largest banks in the United States, PNC continues to expand its footprint and enhance customer satisfaction through technology-driven innovations and strategic growth initiatives.
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