Robert Falzon - Feb 14, 2023 Form 4 Insider Report for PRUDENTIAL FINANCIAL INC (PRU)

Role
EVP and Vice Chairman
Signature
/s/ Richard J. Baker, attorney-in-fact
Stock symbol
PRU
Transactions as of
Feb 14, 2023
Transactions value $
-$1,809,807
Form type
4
Date filed
2/16/2023, 03:32 PM
Previous filing
Mar 2, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRU Common Stock Options Exercise $0 +37.1K +31.79% $0.00 154K Feb 14, 2023 Direct F1
transaction PRU Common Stock Tax liability -$1.81M -17.5K -11.4% $103.27 136K Feb 14, 2023 Direct F2
holding PRU Common Stock 653 Feb 14, 2023 By 401(k)
holding PRU Common Stock 3.58K Feb 14, 2023 By Spouse

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 2023 Restricted Stock Units Award $0 +25.2K $0.00 25.2K Feb 14, 2023 Common Stock 25.2K $0.00 Direct F3, F4
transaction PRU 2023 Performance Shares Award $0 +75.5K $0.00 75.5K Feb 14, 2023 Common Stock 75.5K $0.00 Direct F5, F6
transaction PRU 2020 Performance Share Options Exercise $0 -41.3K -100% $0.00* 0 Feb 14, 2023 Common Stock 41.3K 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 2020 through 2022 performance period.
F2 Represents shares withheld for the payment of taxes.
F3 The Restricted Stock Units convert to common stock on a 1 to 1 basis.
F4 The Restricted Stock Units will vest 1/3 per year beginning the last day of February 2024.
F5 The performance shares convert to common stock on a 1 to 1 basis.
F6 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 2026 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 2023 through 2025 performance period.