PNC adopts Executive Severance Plan covering named executive officers
PNC's Human Resources Committee adopted an Executive Severance Plan effective March 21, 2025, covering eligible employees including all currently serving named executive officers. The plan sets standard severance terms for involuntary termination without Cause or resignation for Good Reason, including 52 weeks of base salary continuation. The filing describes the plan as a standardized framework that does not change existing change-in-control agreements.
Key points
- Plan adopted and effective March 21, 2025 by the Human Resources Committee
- Covered executives receive 52 weeks of base salary continuation and 52 weeks of COBRA premium support at 70% of cost
- Severance includes a prorated annual cash incentive at target and continued vesting of certain equity awards granted before February 1, 2025
- Existing change-in-control agreements remain in effect
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 27, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.