Andrew F. Sullivan - Nov 7, 2024 Form 4 Insider Report for PRUDENTIAL FINANCIAL INC (PRU)

Signature
/s/ Richard J. Baker, attorney-in-fact
Stock symbol
PRU
Transactions as of
Nov 7, 2024
Transactions value $
-$593,711
Form type
4
Date filed
11/12/2024, 03:26 PM
Previous filing
Sep 16, 2024
Next filing
Dec 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRU Common Stock Options Exercise $219K +2.34K +17.1% $93.36 16K Nov 7, 2024 Direct
transaction PRU Common Stock Options Exercise $2.38M +24.8K +154.54% $95.87 40.8K Nov 7, 2024 Direct
transaction PRU Common Stock Sale -$2.84M -22.9K -56.04% $124.03 17.9K Nov 7, 2024 Direct F1
transaction PRU Common Stock Sale -$351K -2.82K -15.7% $124.68 15.1K Nov 7, 2024 Direct F2, F3
holding PRU Common Stock 425 Nov 7, 2024 By 401(k) F4

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 2019 Employee Stock Option (Right to Buy) Options Exercise $0 -2.34K -100% $0.00 0 Nov 7, 2024 Common Stock 2.34K $93.36 Direct F5
transaction PRU 2020 Employee Stock Option (Right to Buy) Options Exercise $0 -24.8K -100% $0.00 0 Nov 7, 2024 Common Stock 24.8K $95.87 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.45 to $124.42 inclusive. The reporting person undertakes to provide to Prudential Financial, Inc., any security holder of Prudential Financial, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.56 to $124.79 inclusive. The reporting person undertakes to provide to Prudential Financial, Inc., any security holder of Prudential Financial, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
F3 Following the transaction reported on this Form 4, Mr. Sullivan continues to hold 15,123 shares directly and 425 shares indirectly in a 401(k) account. Mr. Sullivan also holds an additional 6,956 vested stock options, 22,971 restricted stock units, 8,204 deferred compensation shares, and 99,145 target performance shares (the exact number awarded being dependent on achievement of performance goals).
F4 Amount reported has been adjusted to include 13 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2023, and September 30, 2024, based on a plan statement dated September 30, 2024. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
F5 The options vest in three equal annual installments beginning on February 12, 2020.
F6 The options vest in three equal annual installments beginning on February 11, 2021.