0001127602-24-005257.txt : 20240215
0001127602-24-005257.hdr.sgml : 20240215
20240215190844
ACCESSION NUMBER: 0001127602-24-005257
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240213
FILED AS OF DATE: 20240215
DATE AS OF CHANGE: 20240215
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FALZON ROBERT
CENTRAL INDEX KEY: 0001256465
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16707
FILM NUMBER: 24645367
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]
ORGANIZATION NAME: 02 Finance
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
X0508
4
2024-02-13
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
0
Common Stock
2024-02-13
4
M
0
78584
0
A
223087
D
Common Stock
2024-02-13
4
F
0
38773
105.24
D
184314
D
Common Stock
687
I
By 401(k)
Common Stock
3580
I
By Spouse
2024 Restricted Stock Units
0
2024-02-13
4
A
0
26606
0
A
Common Stock
26606
26606
D
2024 Performance Shares
0
2024-02-13
4
A
0
79818
0
A
Common Stock
79818
79818
D
2021 Performance Shares
2024-02-13
4
M
0
82894
0
D
Common Stock
82894
0
D
The Compensation and Human Capital Committee determined the number of shares received based on the Company's return on equity ("ROE") performance relative to the ROE performance of a performance peer group of 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.
Represents shares withheld for the payment of taxes.
Amount reported has been adjusted to include 34 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2020, and December 31, 2023, based on a plan statement dated December 31, 2023. 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 the last day of February 2025.
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 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.
/s/ Richard J. Baker, attorney-in-fact
2024-02-15