0001127602-23-005552.txt : 20230216
0001127602-23-005552.hdr.sgml : 20230216
20230216163251
ACCESSION NUMBER: 0001127602-23-005552
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230214
FILED AS OF DATE: 20230216
DATE AS OF CHANGE: 20230216
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FALZON ROBERT
CENTRAL INDEX KEY: 0001256465
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16707
FILM NUMBER: 23638940
MAIL ADDRESS:
STREET 1: 751 BROAD STREET, 5TH FLOOR
STREET 2: ATTN.: REGULATORY FILINGS UNIT
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
2023-02-14
0001137774
PRUDENTIAL FINANCIAL INC
PRU
0001256465
FALZON ROBERT
751 BROAD STREET, 5TH FLOOR
ATTN. REGULATORY FILINGS UNIT
NEWARK
NJ
07102
1
EVP and Vice Chairman
Common Stock
2023-02-14
4
M
0
37093
0
A
153768
D
Common Stock
2023-02-14
4
F
0
17525
103.27
D
136243
D
Common Stock
653
I
By 401(k)
Common Stock
3580
I
By Spouse
2023 Restricted Stock Units
0
2023-02-14
4
A
0
25177
0
A
Common Stock
25177
25177
D
2023 Performance Shares
0
2023-02-14
4
A
0
75531
0
A
Common Stock
75531
75531
D
2020 Performance Share
2023-02-14
4
M
0
41306
0
D
Common Stock
41306
0
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 2020 through 2022 performance period.
Represents shares withheld for the payment of taxes.
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 the last day of February 2024.
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 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.
/s/ Richard J. Baker, attorney-in-fact
2023-02-16