Insider trade

CEO sold ~$11.5M of PNC shares in the open market

Traded Feb 20, 2026 · Filed Feb 24, 2026

PNC Financial ServicesPNC

~$11.5M
Reported value · 50K sh @ $230.88: 554K
Holds after · shares reported: -5.3%
stock since the trade · S&P 500 +10.8%, $232.97 → $220.75 on Oct 1

Why it stands out

The boss of PNC Financial Services sold $11.5M of PNC Financial Services shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Feb 20, 2026
Reporting period: Not applicable
Filed with the SEC: Feb 24, 2026

CEO$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$11,544,000

Shares × reported transaction price

Timing vs results

35 days after results of Jan 16, 2026, 54 days before results of Apr 15, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $232.97 on Feb 20, 2026, within 4% of its 52-week high, after an 8% rise over the previous 30 trading days

52-week range $149.76 (Apr 8, 2025) to $242.48 (Feb 6, 2026), 90% of the way up, from 251 adjusted closes. 30 trading days earlier: $216.27 on Jan 7, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-3.6%	-1.2%	-2.5%
30 days	-8.8%	-8.5%	-0.3%
90 days	-0.5%	+8.3%	-8.8%
180 days	+9.8%	+10.1%	-0.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0001628280-26-010979
Filed / recorded: Feb 24, 2026, 7:08 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: PNC FINANCIAL SERVICES GROUP, INC.
Issuer CIK: 713676
Ticker: PNC
Reporting person: William S Demchak
Relationship: Director, Officer
Officer title: CEO
Security: $5 Par Common Stock
Table: Non-derivative (Table I)
Transaction date: Feb 20, 2026
Transaction code: S
Shares / units: 50,000
Price per share: $230.88
Acquired / disposed: Disposed (D)
Shares owned after: 554,274
Ownership form: Direct
Amendment: No

Footnotes from the filing

Represents the weighted average price of shares sold in multiple transactions with prices ranging from $230.67 to $231.35. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, PNC or any security holder of PNC, upon request, full information regarding the number of shares sold at each separate price.