secwatch.observer — SEC 8-K summary
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Issuer:     PNC FINANCIAL SERVICES GROUP, INC. (PNC)
CIK:        0000713676
Form:       8-K
Filed at:   2026-09-29T12:22:15+00:00
Accession:  0001628280-26-063770
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

PNC to redeem all $525M Series S preferred depositary shares Nov 2, 2026 at $1,000 each
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- All 525,000 outstanding Depositary Shares (CUSIP 693475 AQ8) representing interests in PNC's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S, will be redeemed.
- Redemption price is $1,000 per Depositary Share, which excludes any declared but unpaid dividends.
- Redemption date of Nov. 1, 2026 shifts to Nov. 2, 2026 because Nov. 1 is a non-business day; payment to DTC made by Computershare Trust Company, N.A.
- Any declared but unpaid semiannual dividend will be paid on the redemption date to holders of record as of a date set by PNC's board prior to redemption.
- Each Depositary Share represents a 1/100th interest in one share of Series S Preferred Stock; total redemption is $525,000,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/713676/000162828026063770/0001628280-26-063770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/713676/000162828026063770/pnc-20260929.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063770

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