other material
confidence high
sentiment neutral
materiality 0.30
PNC amends equity awards to continue vesting upon qualifying termination without cause
PNC FINANCIAL SERVICES GROUP, INC.
- On Feb 14, 2025, the HR Committee approved changes to RSU and PSU awards for Section 16 officers.
- Upon qualifying termination without cause or for good reason, outstanding awards continue vesting and pay out on original schedule.
- Payout terms, including risk adjustments, apply as if grantee remained employed for the full performance/service period.
- Changes governed under the Corporation's 2016 Incentive Award Plan.