NEW YORK — PNC Financial Services Group Inc. said its top five executives will receive 2008 bonuses valued at about $7 million, albeit mostly in restricted stock, bucking a trend among bank executives to forgo bonuses amid increased scrutiny over Wall Street paychecks.

The awards are about $1.4 million less than the bonuses paid out to the same executives in 2007, according to regulatory filings.

Chairman and Chief Executive James E. Rohr will receive an award of restricted stock valued at $3 million, according to a regulatory filing made on Friday. In 2007, Rohr received a bonus of $3.5 million, the majority of which was in cash.

President Joseph C. Guyaux will receive a bonus of $1.3 million, including a cash award of $250,000.

Other awards include $1.2 million in restricted stock for Senior Vice Chairman William S. Demchak; a $785,400 bonus to Vice Chairman Timothy G. Shack, of which $250,000 was in cash; and a $710,000 bonus to Chief Financial Officer Richard J. Johnson.

Taxpayers have become critical of executive compensation amid reports that $18 billion in bonuses have been doled out to employees of financial firms that got money from the government's $700 billion bailout fund. Pittsburgh-based PNC received a $7.6 billion investment from the government last fall.