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AI brief of an SEC Form 8-K · PNC Financial Services (PNC)

PNC names Mark Wiedman president, ex-BlackRock executive, effective April 7, 2025

Neutral Impact 4 of 5 leadership Written later

PNC appointed Mark Wiedman as president of the corporation and PNC Bank, National Association, effective April 7, 2025, reporting to Chairman and CEO William Demchak. Wiedman, 54, previously served as senior managing director and head of the Global Client Business at BlackRock, and the filing sets out a $700,000 base salary, a $1,000,000 signing bonus and roughly $5.2 million in one-time equity awards, which matters to shareholders as a senior leadership and pay disclosure.

Key points

  • Mark Wiedman, age 54, appointed president by the Board on April 3, 2025, effective April 7, 2025
  • Offer letter: $700,000 annualized base salary and $1,000,000 signing bonus, repayable if he resigns within two years
  • One-time award: RSUs with $3,120,000 grant date value and PSUs with $2,080,000 grant date value at target
  • Target 2025 total annual incentive of $9,800,000 full-year ($7,350,000 prorated)

The filing

CompanyPNC Financial Services (PNC)
Form8-K, current report
Filed with the SECApr 7, 2025, 5:23 PM ET
Accession number0000713676-25-000041

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 7:00 AM ET, from this filing 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 April 07, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.