0001127602-21-005266.txt : 20210211 0001127602-21-005266.hdr.sgml : 20210211 20210211173731 ACCESSION NUMBER: 0001127602-21-005266 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210209 FILED AS OF DATE: 20210211 DATE AS OF CHANGE: 20210211 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KAPPLER ANN M CENTRAL INDEX KEY: 0001280546 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16707 FILM NUMBER: 21621217 MAIL ADDRESS: STREET 1: PRUDENTIAL FINANCIAL, INC. STREET 2: 751 BROAD STREET, 4TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL FINANCIAL INC CENTRAL INDEX KEY: 0001137774 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 223703799 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 751 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9738026000 MAIL ADDRESS: STREET 1: 751 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2021-02-09 0001137774 PRUDENTIAL FINANCIAL INC PRU 0001280546 KAPPLER ANN M 751 BROAD STREET, 4TH FLR ATTN.: CORPORATE COMPLIANCE NEWARK NJ 07102 1 EVP and General Counsel Common Stock 2021-02-09 4 M 0 2882 0 A 9041 D Common Stock 2021-02-09 4 F 0 1019 81.43 D 8022 D Common Stock 691 I By 401(k) 2021 Restricted Stock Units 2021-02-09 4 A 0 5373 0 A Common Stock 5373 5373 D 2021 Performance Shares 2021-02-09 4 A 0 16119 0 A Common Stock 16119 16119 D 2018 Performance Shares 2021-02-09 4 M 0 1354 0 D Common Stock 1354 1354 D 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 2018 through 2020 performance period, as adjusted based on the results of an inclusion and diversity modifier. Includes cash settled performance units which were converted from cash to equity settlement based on a decision by the Compensation Committee. Represents shares withheld for the payment of taxes. Amount reported has been adjusted to include 18 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 1, 2020 and December 31, 2020 based on a plan statement dated December 31, 2020. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B). The Restricted Stock Units convert to common stock on a 1 to 1 basis. The Restricted Stock Units will vest 1/3 per year beginning on February 28, 2022. The performance shares convert to common stock on a 1 to 1 basis. 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 2024 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 2021 through 2023 performance period, as adjusted based on the results of an inclusion and diversity modifier. /s/ Richard J. Baker, attorney-in-fact 2021-02-11