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