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PRUDENTIAL FINANCIAL INC — Director's Dealing 2024
Mar 22, 2024
30092_dirs_2024-03-22_a496af69-c2c4-4c29-b1c3-d7dac9107045.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PRUDENTIAL FINANCIAL INC (PRU)
CIK: 0001137774
Period of Report: 2024-03-15
Reporting Person: Frias Yanela (EVP and CFO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 14064 | Direct |
| Common Stock | 2 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2020 Employee Stock Option (Right to Buy) | $95.87 | 2030-02-11 | Common Stock (3942) | Direct | |
| 2022 Performance Shares | $ | Common Stock (4039) | Direct | ||
| 2022 Restricted Stock Units | $ | Common Stock (577) | Direct | ||
| 2023 Restricted Stock Units | $ | Common Stock (1356) | Direct | ||
| 2024 Restricted Stock Units | $ | Common Stock (2851) | Direct | ||
| 2023 Performance Shares | $ | Common Stock (4745) | Direct | ||
| 2024 Performance Shares | $ | Common Stock (6652) | Direct |
Footnotes
F1: The options vest in three equal annual installments beginning on February 11, 2021.
F2: 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.
F3: The performance shares convert to common stock on a 1 to 1 basis.
F4: The Restricted Stock Units will vest 1/3 per year beginning on February 28, 2023.
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 the last day of February 2024.
F7: The Restricted Stock Units will vest 1/3 per year beginning the last day of February 2025.
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 2026 based on the Company's ROE performance relative to a performance peer group of companies and performance relative to a pre-determined goal for growth in adjusted book value per share for the 2023 through 2025 performance period.
F9: Represents the target number of shares to be received. The actual number of shares to be received will be determined by the Compensation and Human Capital Committee in February 2027 based on the Company's ROE performance relative to a performance peer group of companies and performance relative to a pre-determined goal for growth in adjusted book value per share for the 2024 through 2026 performance period.