Yanela Frias - Mar 15, 2024 Form 3 Insider Report for PRUDENTIAL FINANCIAL INC (PRU)

Role
EVP and CFO
Signature
/s/ Richard J. Baker, attorney-in-fact
Stock symbol
PRU
Transactions as of
Mar 15, 2024
Transactions value $
$0
Form type
3
Date filed
3/22/2024, 03:09 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PRU Common Stock 14.1K Mar 15, 2024 Direct
holding PRU Common Stock 2 Mar 15, 2024 By 401(K)

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
holding PRU 2020 Employee Stock Option (Right to Buy) Mar 15, 2024 Common Stock 3.94K $95.87 Direct F1
holding PRU 2022 Performance Shares Mar 15, 2024 Common Stock 4.04K Direct F2, F3
holding PRU 2022 Restricted Stock Units Mar 15, 2024 Common Stock 577 Direct F4, F5
holding PRU 2023 Restricted Stock Units Mar 15, 2024 Common Stock 1.36K Direct F5, F6
holding PRU 2024 Restricted Stock Units Mar 15, 2024 Common Stock 2.85K Direct F5, F7
holding PRU 2023 Performance Shares Mar 15, 2024 Common Stock 4.75K Direct F3, F8
holding PRU 2024 Performance Shares Mar 15, 2024 Common Stock 6.65K Direct F3, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest in three equal annual installments beginning on February 11, 2021.
F2 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.
F3 The performance shares convert to common stock on a 1 to 1 basis.
F4 The Restricted Stock Units will vest 1/3 per year beginning on February 28, 2023.
F5 The Restricted Stock Units convert to common stock on a 1 to 1 basis.
F6 The Restricted Stock Units will vest 1/3 per year beginning the last day of February 2024.
F7 The Restricted Stock Units will vest 1/3 per year beginning the last day of February 2025.
F8 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.
F9 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.