Alexander E. C. Overstrom

Head of Retail Banking at PNC FINANCIAL SERVICES GROUP

Since July 2022

Age

41 years

Tenure

Joined in 2014 and served in various leadership roles, including Head of Small Business, Deputy Head of Retail Banking, Head of Merchant Services, and Chief Operating Officer of Corporate & Institutional Banking and Asset Management before being appointed Executive Vice President and Head of Retail Banking in July 2022.

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About

Alexander E. C. Overstrom is a seasoned banking executive with a clear progression in his professional career at PNC. He joined the organization in 2014 and worked in several key leadership roles, demonstrating a strong commitment to the bank’s growth and innovation.

Throughout his tenure at PNC, he has held roles such as Head of Small Business, Deputy Head of Retail Banking, Head of Merchant Services, and Chief Operating Officer of Corporate & Institutional Banking and Asset Management. His diverse experience within the bank provided a solid foundation for his later appointment as Executive Vice President and Head of Retail Banking in July 2022.

While detailed personal background and educational credentials are not provided, his professional journey reflects a steady rise through the ranks, underlining his expertise in retail banking and financial services. This objective profile highlights his contributions and achievements within PNC.

Past Roles

Organization	Role	Date Range	Details
PNC	Chief Operating Officer of Corporate & Institutional Banking and Asset Management	N/A	Former role held prior to becoming Head of Retail Banking
PNC	Head of Merchant Services	N/A	Former role
PNC	Deputy Head of Retail Banking	N/A	Former role
PNC	Head of Small Business	N/A	Former role
Goldman Sachs	Strategy and Investment Banking	Prior to 2014	Role held before joining PNC

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$690,000	Annual	Fixed base salary
Registrant ISP Contributions	$10,546	One-time	Contributions as listed
Insurance Premiums	Not applicable	N/A	No insurance premiums paid
Other Compensation	Not applicable	N/A	No additional compensation
Deferred Compensation Plan	None	N/A	No deferred compensation
Qualified Pension Plan	$77,964	N/A	Present Value of Accumulated Benefit
ERISA Excess Pension Plan	$54,501	N/A	Present Value of Accumulated Benefit
Stock Vested in Fiscal 2024	Not explicitly detailed	N/A	Details not provided
Restricted Share Units (RSUs)	5,644 units, $840,109	Annual installments over 3 years	Grant date fair value provided
Senior Leader Restricted Share Units (SL RSUs)	1,138 units, $219,463	Annual installments over 3 years	Market value provided
3-Year RSUs	962 units, $185,522	After three-year vesting period	Market value provided

Performance Compensation

Data from FY 2024

Annual Cash Incentive

Metric	Detail
Target Amount	$1,550,000
Payment	Lump sum in 2025 based on performance evaluation
Performance Metrics	Evaluated on financial metrics including diluted EPS, ROE, and risk-adjusted efficiency ratio
Vesting Schedule	Not applicable – cash incentive is paid based on annual performance

Performance Share Units (PSUs)

Metric	Detail
Grant Date	February 16, 2024
Grant Date Fair Value	$1,889,948
Grant Date Stock Price	$148.85
Target Units	8,465 PSUs
Maximum Units	12,697 PSUs (150% of target)
Performance Period	January 1, 2024 to December 31, 2026
Vesting Conditions	Based on annual evaluations of ROE and EPS growth; HR Committee may adjust awards downward based on risk review