PNC adopts Executive Severance Plan for NEOs and selected executives

PNC FINANCIAL SERVICES GROUP, INC.

Plan provides 52 weeks base salary continuation and prorated target annual incentive for involuntary termination without Cause or resignation for Good Reason.
Continued vesting of pre-February 2025 annual equity awards for non-retirement-eligible NEOs, with same payout terms.
70% of COBRA premiums for 52 weeks plus talent transition benefits.
Requires 60-day notice period for voluntary resignation; existing change-in-control agreements remain unchanged.
Plan effective March 21, 2025; applies to all current NEOs and other executives selected by the Committee.

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