Charles F. Lowrey - Oct 8, 2021 Form 4 Insider Report for PRUDENTIAL FINANCIAL INC (PRU)

Role
Chief Executive Officer, Director, Chairman of the Board
Signature
/s/ Richard J. Baker, attorney-in-fact
Stock symbol
PRU
Transactions as of
Oct 8, 2021
Transactions value $
-$1,530,281
Form type
4
Date filed
10/13/2021, 02:19 PM
Next filing
Dec 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRU Common Stock Options Exercise $2.54M +40K +43.05% $63.59 133K Oct 8, 2021 Direct
transaction PRU Common Stock Sale -$4.07M -37K -27.88% $110.00 95.8K Oct 8, 2021 Direct F1, F2
holding PRU Common Stock 253 Oct 8, 2021 By 401(k) F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRU 2016 Employee Stock Option (Right to Buy) Options Exercise $0 -40K -100% $0.00* 0 Oct 8, 2021 Common Stock 40K $63.59 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 10, 2021.
F2 Following the transactions reported on this Form 4, Mr. Lowrey continues to hold 95,756 shares directly and 253 shares indirectly in a 401(k) account. Mr. Lowrey also holds an additional 238,787 vested stock options, 90,063 unvested stock options, 34,693 restricted stock units, and 209,366 target performance shares (the exact number awarded being dependent on achievement of performance goals).
F3 Amount reported has been adjusted to include 7 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between January 01, 2021 and September 30, 2021 based on a plan statement dated September 30, 2021. 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 options vested in three equal annual installments beginning on February 9, 2017.