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William Demchak Sells 50,000 Shares of The PNC Financial Services Group (NYSE:PNC) Stock
William Demchak, CEO of The PNC Financial Services Group (NYSE:PNC), sold 50,000 shares of company stock on February 20th for $11.544 million, reducing his stake by 8.27% to 554,274 shares. The transaction was disclosed in an SEC filing. PNC recently reported strong quarterly earnings, beating expectations with an EPS of $4.88 and revenue of $6.07 billion, and declared a $1.70 quarterly dividend.