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    E. William Parsley III

    Chief Operating Officer (COO) at PNC Financial Services Group Inc
    Since February 2018
    Age
    59 years
    Tenure
    Joined PNC in 2003 and has held roles including Treasurer and Chief Investment Officer starting in 2004, Executive Vice President from 2009, and Chief Operating Officer since February 2018.

    About

    E. William Parsley III has built a distinguished career at PNC, where he joined in 2003 and has consistently taken on increased responsibilities over the years.

    He served as Treasurer and Chief Investment Officer starting in 2004 and was later named Executive Vice President in 2009, showcasing his deep engagement with the firm's financial strategies and leadership.

    In February 2018, he was appointed Chief Operating Officer, a role in which he oversaw key operational functions including asset and liability management, capital strategy, and regulatory stress testing. His efforts contributed to improvements in key financial metrics such as the CET1 capital ratio.

    While the documents do not provide personal background or details about his education, his professional journey reflects a strong commitment to strategic leadership and talent development at PNC.

    Past Roles

    OrganizationRoleDate RangeDetails
    PNCHead of Consumer LendingSpring 2016 - Feb 2018Held before becoming COO
    PNCTreasurer and Chief Investment Officer2004 - Feb 2018Held from 2004 until promotion to COO

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Salary$700,000 2024 AnnualFixed base salary for 2024
    All Other Compensation$23,700 2024 AnnualComprises $10,000 in Perquisites and Other Personal Benefits and $13,700 in Registrant ISP Contributions
    Pension BenefitsN/AN/ANot applicable for 2024
    Deferred CompensationN/AN/ASpecific details not provided for 2024
    Termination and Change in Control BenefitsVaries (e.g., up to $38,330,314 in Change in Control benefits) Contingent on event occurrenceIncludes: Termination without Cause (Unvested Equity $13,657,660), Retirement (Unvested Equity $18,648,346), Change in Control (Total $38,330,314 with breakdown: Cash Severance $7,324,393, Base Salary $1,400,000, Bonus $5,924,393, Enhanced Benefits $287,308, Defined Benefit $218,110, Defined Contribution $27,600, General Benefits & Perquisites $41,598, Unvested Equity breakdown: RSUs $5,295,618, PSUs $11,765,335, PRSUs $13,657,660; plus Disability and Death benefits)

    Performance Compensation

    Data from  FY 2024

    Annual Stock Award (2024)

    MetricValue
    PSUs Target20,558 units
    PSUs Maximum30,837 units
    PSUs Payout Range0–150%
    PSUs Grant Date Fair Value$3,060,058
    RSUs Target13,706 units
    RSUs Maximum13,706 units
    RSUs Payout Range0–100%
    RSUs Grant Date Fair Value$2,040,138
    Vesting (PSUs)Vest on December 31, 2026
    Vesting (RSUs)1/3 vest on each anniversary from the grant date (Feb 16, 2024)
    Performance MetricsROE and EPS growth rank
    Performance PeriodJanuary 1, 2024 – December 31, 2026

    Non-Equity Incentive Plan Compensation (2024)

    MetricValue
    Annual Incentive Award Maximum$2,700,000
    Equity Grant DateFeb 16, 2024
    PSUs & RSUsSame as Annual Stock Award details above

    Option Exercises and Stock Vested (2024)

    MetricValue
    Shares Vested34,873 shares
    Value Realized on Vesting$5,181,544
    Vesting DatesVarious dates in 2024 (including vesting on Feb 10, 2024 and Feb 16, 2024 for portions of 2022 and 2023 RSUs)

    These performance compensation components are contingent on achieving the specified performance metrics, with equity awards evaluated over a multi‐year performance period and vesting schedules based on either time or performance outcomes. All dollar amounts, unit quantities, and percentages are exact as reported for 2024.