4//SEC Filing
PRUDENTIAL FINANCIAL INC 4
Accession 0001127602-16-040666
$PRUCIK 0001137774operating
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 4:36 PM ET
Size
14.1 KB
Accession
0001127602-16-040666
Insider Transaction Report
Form 4
GRIER MARK B
DirectorVice Chairman
Transactions
- Award
2016 Employee Stock Option (Right to Buy)
2016-02-09+100,947→ 100,947 totalExercise: $63.59Exp: 2026-02-09→ Common Stock (100,947 underlying) - Exercise/Conversion
Common Stock
2016-02-09+36,530→ 338,282 total - Tax Payment
Common Stock
2016-02-09$63.59/sh−14,297$909,146→ 323,985 total - Award
2016 Performance Shares
2016-02-09+33,246→ 33,246 total→ Common Stock (33,246 underlying) - Exercise/Conversion
2013 Performance Shares
2016-02-09−24,353→ 0 totalExercise: $0.00→ Common Stock (24,353 underlying)
Holdings
- 22,158(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]The Compensation Committee awarded these shares, the grant of which was made on February 12, 2013, and originally reported on a Form 4 filed with the SEC on February 14, 2013, based upon performance relative to the average Return On Equity (ROE) goals during the 2013 through 2015 performance period.
- [F2]Represents shares withheld for the payment of taxes.
- [F3]Amount reported has been adjusted to include 156 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 30, 2015 and December 31, 2015 based on a plan statement dated December 31, 2015. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
- [F4]The options vest in three equal annual installments beginning on February 9, 2017.
- [F5]The performance shares convert to common stock on a 1 to 1 basis.
- [F6]Represents the target number of shares to be received relative to the Company's average ROE goals for the 2016 through 2018 performance period and relative performance against certain life insurance peer companies. The actual number of shares to be received will be determined by the Compensation Committee in February 2019.
Documents
Issuer
PRUDENTIAL FINANCIAL INC
CIK 0001137774
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0001137774
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 4:36 PM ET
- Size
- 14.1 KB