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PRUDENTIAL FINANCIAL INC — Director's Dealing 2021
Feb 11, 2021
30092_dirs_2021-02-11_116c9b3f-878a-4d99-abce-036c982e29ba.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PRUDENTIAL FINANCIAL INC (PRU)
CIK: 0001137774
Period of Report: 2021-02-09
Reporting Person: Alziari Lucien (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-09 | Common Stock | M | 10478 | — | Acquired | 11681 | Direct |
| 2021-02-09 | Common Stock | F | 3800 | $81.43 | Disposed | 7881 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-09 | 2021 Restricted Stock Units | $ | A | 6908 | Acquired | Common Stock (6908) | Direct | |
| 2021-02-09 | 2021 Performance Shares | $ | A | 20724 | Acquired | Common Stock (20724) | Direct | |
| 2021-02-09 | 2018 Performance Shares | $0 | M | 4923 | Disposed | Common Stock (4923) | Direct |
Footnotes
F1: The Compensation Committee determined the number of shares received based on the Company's return on equity ("ROE") performance relative to a pre-determined goal and relative to the ROE performance of certain life insurance peer companies for the 2018 through 2020 performance period, as adjusted based on the results of an inclusion and diversity modifier.
F2: Includes cash settled performance units which were converted from cash to equity settlement based on a decision by the Compensation Committee.
F3: Represents shares withheld for the payment of taxes.
F4: The Restricted Stock Units convert to common stock on a 1 to 1 basis.
F5: The Restricted Stock Units will vest 1/3 per year beginning on February 28, 2022.
F6: The performance shares convert to common stock on a 1 to 1 basis.
F7: Represents the target number of shares to be received. The actual number of shares to be received will be determined by the Compensation Committee in February 2024 based on the Company's ROE performance relative to certain life insurance peer companies and performance relative to a pre-determined goal for growth in adjusted book value per share for the 2021 through 2023 performance period, as adjusted based on the results of an inclusion and diversity modifier.