Timothy L. Schmidt - Feb 7, 2022 Form 4 Insider Report for PRUDENTIAL FINANCIAL INC (PRU)

Role
Senior Vice President
Signature
/s/ Danny Fiore, attorney-in-fact
Stock symbol
PRU
Transactions as of
Feb 7, 2022
Transactions value $
-$938,352
Form type
4
Date filed
2/9/2022, 08:46 AM
Previous filing
Dec 9, 2021
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 $206K +3.81K +29.55% $54.00 16.7K Feb 7, 2022 Direct F1
transaction PRU Common Stock Sale -$457K -3.81K -22.81% $120.00 12.9K Feb 7, 2022 Direct F1
transaction PRU Common Stock Options Exercise $621K +10.9K +84.53% $57.00 23.8K Feb 7, 2022 Direct F1
transaction PRU Common Stock Sale -$1.31M -10.9K -45.81% $120.00 12.9K Feb 7, 2022 Direct F1, F2
holding PRU Common Stock 252 Feb 7, 2022 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 8/15/2012 Employee Stock Option (Right to Buy) Options Exercise $0 -3.81K -100% $0.00* 0 Feb 7, 2022 Common Stock 3.81K $54.00 Direct F1, F4
transaction PRU 2013 Employee Stock Option (Right to Buy) Options Exercise $0 -10.9K -100% $0.00* 0 Feb 7, 2022 Common Stock 10.9K $57.00 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercises and sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2021.
F2 Following the transaction reported on this Form 4, Mr. Schmidt continues to hold 12,897 shares directly and 252 shares indirectly in a 401(k) account. Mr. Schmidt also holds an additional 7,308 vested stock options, 7,597 unvested stock options, 6,264 restricted stock units and 32,374 target performance shares (the exact number awarded being dependent on achievement of performance goals).
F3 Amount reported has been adjusted to include 2 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).
F4 The options vest in three equal annual installments beginning on August 15, 2013.
F5 The options vest in three equal annual installments beginning on February 12, 2014.