Charles F. Lowrey - Feb 13, 2024 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
Feb 13, 2024
Transactions value $
-$5,594,769
Form type
4
Date filed
2/15/2024, 07:18 PM
Previous filing
Mar 2, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRU Common Stock Options Exercise $0 +98.7K +82.85% $0.00 218K Feb 13, 2024 Direct F1
transaction PRU Common Stock Tax liability -$5.59M -53.2K -24.41% $105.24 165K Feb 13, 2024 Direct F2
holding PRU Common Stock 283 Feb 13, 2024 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 2024 Restricted Stock Units Award $0 +33.3K $0.00 33.3K Feb 13, 2024 Common Stock 33.3K $0.00 Direct F4, F5
transaction PRU 2024 Performance Shares Award $0 +99.8K $0.00 99.8K Feb 13, 2024 Common Stock 99.8K $0.00 Direct F6, F7
transaction PRU 2021 Performance Shares Options Exercise $0 -104K -100% $0.00* 0 Feb 13, 2024 Common Stock 104K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Compensation and Human Capital Committee determined the number of shares received based on the Company's return on equity ("ROE") performance relative to the ROE performance of a performance peer group of companies and performance relative to a pre-determined goal for growth in adjusted book value per share for the 2021 through 2023 performance period, as adjusted based on the results of an inclusion and diversity modifier.
F2 Represents shares withheld for the payment of taxes.
F3 Amount reported has been adjusted to include 14 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2022, and December 31, 2023, based on a plan statement dated December 31, 2023. 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 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 the last day of February 2025.
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 and Human Capital Committee in February 2027 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 2024 through 2026 performance period.