Form 8-K · Current report
PNC Financial Services 8-K, filed Sep 29, 2026
- Filed
- CIK
- 0000713676
- Accession no.
- 0001628280-26-063770
Summary
PNC announced it will redeem all $525 million of its Depositary Shares representing interests in Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S, on Nov. 1, 2026, shifted to Nov. 2 because of a non-business day. The shares will be redeemed at $1,000 per Depositary Share, excluding declared but unpaid dividends.
Key points
- All 525,000 outstanding Depositary Shares, each representing a 1/100th interest in a share of Series S Preferred Stock, will be redeemed.
- The redemption price is $1,000 per Depositary Share and does not include declared but unpaid dividends.
- The Depositary Shares are held through the Depository Trust Company, and Computershare Trust Company, N.A. will make payment to DTC.
- Any declared but unpaid semiannual dividend will be paid on the redemption date to holders of record set by PNC's board.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 8.01 Other Events. On September 29, 2026, The PNC Financial Services Group, Inc. (“PNC”) issued a press release announcing the redemption on November 1, 2026 (which, due to the occurrence of a non-business day, will shift to November 2, 2026) of $525,000,000 of Depositary Shares (CUSIP: 693475 AQ8) (the “Depositary Shares”) representing interests in PNC’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S (the “Series S Preferred Stock”). Each Depositary Share represents a 1/100th interest in a share of the Series S Preferred Stock. All 525,000 Depositary Shares currently outstanding will be redeemed. …
An excerpt of the text as filed with the SEC, cut for length.
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