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

Role
EVP and CFO
Signature
/s/ Richard J. Baker, attorney-in-fact
Issuer symbol
PRU
Transactions as of
15 Mar 2024
Net transactions value
$0
Form type
3
Filing time
22 Mar 2024, 15:09:39 UTC
Next filing
12 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PRU Common Stock 14,064 15 Mar 2024 Direct
holding PRU Common Stock 2 15 Mar 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) 15 Mar 2024 Common Stock 3,942 $95.87 Direct F1
holding PRU 2022 Performance Shares 15 Mar 2024 Common Stock 4,039 Direct F2, F3
holding PRU 2022 Restricted Stock Units 15 Mar 2024 Common Stock 577 Direct F4, F5
holding PRU 2023 Restricted Stock Units 15 Mar 2024 Common Stock 1,356 Direct F5, F6
holding PRU 2024 Restricted Stock Units 15 Mar 2024 Common Stock 2,851 Direct F5, F7
holding PRU 2023 Performance Shares 15 Mar 2024 Common Stock 4,745 Direct F3, F8
holding PRU 2024 Performance Shares 15 Mar 2024 Common Stock 6,652 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.