Nicholas C. Silitch - Nov 10, 2021 Form 4 Insider Report for PRUDENTIAL FINANCIAL INC (PRU)

Role
Senior Vice President
Signature
/s/ Richard J. Baker, attorney-in-fact
Stock symbol
PRU
Transactions as of
Nov 10, 2021
Transactions value $
-$1,009,612
Form type
4
Date filed
11/12/2021, 01:49 PM
Next filing
Feb 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRU Common Stock Options Exercise $1.39M +21.9K +193.45% $63.59 33.2K Nov 10, 2021 Direct
transaction PRU Common Stock Sale -$2.4M -21.9K -65.92% $109.75 11.3K Nov 10, 2021 Direct F1, F2
holding PRU Common Stock 445 Nov 10, 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 -21.9K -100% $0.00* 0 Nov 10, 2021 Common Stock 21.9K $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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.49 to $110.04 inclusive. The reporting person undertakes to provide to Prudential Financial, Inc., any security holder of Prudential Financial, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4.
F2 Following the transactions reported on this Form 4, Mr. Silitch continues to hold 11,306 shares directly and 445 shares indirectly in a 401(k) account. Mr. Silitch also holds an additional 41,211 vested stock options, 14,817 unvested stock options, 9,948 restricted stock units, and 57,206 target performance shares (the exact number awarded being dependent on achievement of performance goals).
F3 Amount reported has been adjusted to include 12 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2020 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.