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Stock Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
Share-based Compensation [Abstract]  
Option Pricing Assumptions
Table 119: Option Pricing Assumptions (a)
Weighted-average for the
year ended December 3120132012
Risk-free interest rate.9% 1.1 %
Dividend yield 2.5 2.3
Volatility 34.0 35.1
Expected life6.5yrs.5.9yrs.
Grant date fair value$ 16.35 $ 16.22
(a) PNC did not grant any stock options in 2014.
Stock Option Rollforward
Table 120: Stock Option Rollforward
PNC Options
Converted From
PNCNational CityTotal
Weighted-
Weighted-Weighted-Weighted-Average
AverageAverageAverageRemainingAggregate
Year ended December 31, 2014ExerciseExerciseExerciseContractualIntrinsic
In thousands, except weighted-average dataSharesPriceSharesPriceSharesPriceLifeValue
Outstanding, January 1 10,354 $ 57.57 544 $ 662.28 10,898 $ 87.75
Granted (a)
Exercised (3,589) 59.80 (3,589) 59.80
Cancelled (64) 53.42 (201) 793.93 (265) 615.70
Outstanding, December 31 6,701 $ 56.41 343 $ 585.23 7,044 $ 82.17 3.9 years$ 233,345
Vested and expected to vest, December 31 (b) 6,699 $ 56.41 343 $ 585.23 7,042 $ 82.18 3.9 years$ 233,277
Exercisable, December 31 6,467 $ 56.21 343 $ 585.23 6,810 $ 82.86 3.8 years$ 226,506
(a) PNC did not grant any stock options in 2014.
(b)Adjusted for estimated forfeitures on unvested options.
Nonvested Incentive/Performance Unit Share Awards and Restricted Stock/Share Unit Awards - Rollforward
Table 121: Nonvested Incentive/Performance Unit Share Awards and Restricted Stock/Share Unit Awards - Rollforward
Nonvested
NonvestedWeighted-RestrictedWeighted-
Incentive/Average Stock/Average
PerformanceGrant DateShareGrant Date
Shares in thousandsUnit SharesFair ValueUnitsFair Value
December 31, 20131,647 $63.493,483 $62.70
Granted723 79.901,276 81.29
Vested/Released(513)63.64(962)62.32
Forfeited(20)69.18(145)69.44
December 31, 20141,837 $69.843,652 $69.03
Nonvested Cash-Payable Incentive/Performance Units and Restricted Share Units - Rollforward
Table 122: Nonvested Cash-Payable Incentive/Performance Units and Restricted Share Units – Rollforward
Cash-Payable
Incentive/Cash-Payable
PerformanceRestricted
In thousandsUnitsShare UnitsTotal
Outstanding at December 31, 2013116825 941
Granted100269 369
Vested and Released(39)(425)(464)
Forfeited(11)(11)
Outstanding at December 31, 2014177658 835
Employee Stock Purchase Plan - Summary
Table 123: Employee Stock Purchase Plan - Summary
Year ended December 31Shares IssuedPurchase Price Per Share
2014 157,856 $84.60 and $86.67
2013 167,260 $69.27 and $73.70
2012 183,892 $58.05 and $55.39