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PRUDENTIAL FINANCIAL INC — Director's Dealing 2024
Feb 16, 2024
30092_dirs_2024-02-15_3f0f836a-7ed2-4f98-8530-4db7a31e31e5.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: 2024-02-13
Reporting Person: Axel Robert (SVP and Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-13 | Common Stock | M | 5706 | — | Acquired | 15046 | Direct |
| 2024-02-13 | Common Stock | F | 2110 | $105.24 | Disposed | 12936 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-13 | 2024 Restricted Stock Units | $0 | A | 1996 | Acquired | Common Stock (1996) | Direct | |
| 2024-02-13 | 2024 Performance Shares | $0 | A | 4657 | Acquired | Common Stock (4657) | Direct | |
| 2024-02-13 | 2021 Performance Shares | $ | M | 6018 | Disposed | Common Stock (6018) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1336 | Indirect |
Footnotes
F1: The Compensation and Human Capital Committee determined the number of shares received based on the Company's return on equity ("ROE") performance relative to the ROE performance of a performance peer group of 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.
F2: Represents shares withheld for the payment of taxes.
F3: Amount reported has been adjusted to include 69 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2022, and December 31, 2023, based on a plan statement dated December 31, 2023. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
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 the last day of February 2025.
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 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.