PRUDENTIAL FINANCIAL INC 4
4 · PRUDENTIAL FINANCIAL INC · Filed Mar 24, 2014
Insider Transaction Report
Form 4
CAPERTON GASTON
Director
Transactions
- Award
2013 Restricted Stock Units
2014-03-20$87.69/sh+11$965→ 1,842 totalExercise: $0.00→ Common Stock (11 underlying) - Award
Notional Shares - Optional
2014-03-20$87.69/sh+72$6,314→ 12,134 totalExercise: $0.00→ Common Stock (72 underlying)
Footnotes (4)
- [F1]Each notional share - optional represents a deferred stock unit and entitles the holder thereof with the right to receive one share of Issuer common stock or the cash value thereof under the Issuer's deferred compensation plan for non-employee directors.
- [F2]Such shares are payable in common stock or cash, at the election of the reporting person, with payment to begin, at the election of the reporting person provided that such date shall be at least two (2) years after the end of the plan year with respect to which such elective deferrals relate. The reporting person may transfer his investment in the notional shares - optional to an alternative investment account, subject to the terms of the Issuer's deferred compensation plan for non-employee directors.
- [F3]Each restricted stock unit represents a contingent right to receive one share of PRU common stock or the economic equivalent thereof. The restricted stock units become payable, in PRU common stock or in cash, at the election of the reporting person, upon or following the reporting person's termination of service as a Director unless the reporting person elects an earlier date pursuant to the terms of the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors.
- [F4]The restricted stock units vest the earlier of the annual meeting or in one year on May 14, 2014 and were deferred under the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors.