PRUDENTIAL FINANCIAL INC — Director's Dealing 2022

Feb 11, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRUDENTIAL FINANCIAL INC (PRU)
CIK: 0001137774
Period of Report: 2022-02-08

Reporting Person: Sleyster Scott (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-08	Common Stock	M	22884	—	Acquired	82899.12	Direct
2022-02-08	Common Stock	F	10474	$121.33	Disposed	72425.12	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-08	2022 Restricted Stock Units	$0	A	9067	Acquired		Common Stock (9067)	Direct
2022-02-08	2022 Performance Shares	$0	A	27199	Acquired		Common Stock (27199)	Direct
2022-02-08	Deferred Compensation Shares	$0	I	89230	Disposed		Common Stock (89230)	Direct
2022-02-08	2019 Performance Shares	$0	M	12211	Disposed		Common Stock (12211)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8320	Indirect

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 2019 through 2021 performance period

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: Amount reported has been adjusted to include 79 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 30, 2021, and December 31, 2021, based on a plan statement dated December 31, 2021. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).

F5: The Restricted Stock Units convert to common stock on a 1 to 1 basis.

F6: The Restricted Stock Units will vest 1/3 per year beginning on February 28, 2023.

F7: The performance shares convert to common stock on a 1 to 1 basis.

F8: 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 2025 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 2022 through 2024 performance period.

F9: Deferred Compensation Shares are based on unitized accounting and convert to common stock on a 1 to 1 basis.

F10: Deferred Compensation Shares are deemed immediately exercisable and are payable in cash at a date selected by the participant.