Lucien Alziari - Feb 8, 2022 Form 4 Insider Report for PRUDENTIAL FINANCIAL INC (PRU)

Role
Executive Vice President
Signature
/s/ Richard J. Baker, attorney-in-fact
Stock symbol
PRU
Transactions as of
Feb 8, 2022
Transactions value $
-$507,645
Form type
4
Date filed
2/10/2022, 05:17 PM
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRU Common Stock Options Exercise $0 +13.6K +171.96% $0.00 21.4K Feb 8, 2022 Direct F1, F2
transaction PRU Common Stock Tax liability -$508K -4.18K -19.52% $121.33 17.2K Feb 8, 2022 Direct 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 2022 Restricted Stock Units Award $0 +5.15K $0.00 5.15K Feb 8, 2022 Common Stock 5.15K $0.00 Direct F4, F5
transaction PRU 2022 Performance Shares Award $0 +15.5K $0.00 15.5K Feb 8, 2022 Common Stock 15.5K $0.00 Direct F6, F7
transaction PRU 2019 Performance Shares Options Exercise $0 -7.23K -100% $0.00* 0 Feb 8, 2022 Common Stock 7.23K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Compensation Committee determined the number of shares received based on the Company's return on equity ("ROE") performance relative to a pre-determined goal and relative to the ROE performance of certain life insurance peer companies for the 2019 through 2021 performance period.
F2 Includes cash settled performance units which were converted from cash to equity settlement based on a decision by the Compensation Committee.
F3 Represents shares withheld for the payment of taxes.
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 on February 28, 2023.
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 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.