4//SEC Filing
PRUDENTIAL FINANCIAL INC 4
Accession 0001127602-17-006679
$PRUCIK 0001137774operating
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 5:54 PM ET
Size
15.2 KB
Accession
0001127602-17-006679
Insider Transaction Report
Form 4
Lambert Richard F
Senior Vice President
Transactions
- Award
2017 Employee Stock Option (Right to Buy)
2017-02-14+5,521→ 5,521 totalExercise: $110.45Exp: 2027-02-14→ Common Stock (5,521 underlying) - Tax Payment
Common Stock
2017-02-14$110.45/sh−1,082$119,507→ 11,665 total - Award
2017 Performance Shares
2017-02-14+4,268→ 4,268 total→ Common Stock (4,268 underlying) - Exercise/Conversion
2014 Performance Shares
2017-02-14−2,717→ 0 totalExercise: $0.00→ Common Stock (2,717 underlying) - Exercise/Conversion
Common Stock
2017-02-14+3,397→ 12,747 total
Holdings
- 5,521(indirect: By 401(k))
Common Stock
- 72(indirect: By Spouse)
Common Stock
Footnotes (7)
- [F1]The Compensation Committee awarded these shares, the grant of which was made on February 11, 2014, and originally reported on a Form 4 filed with the SEC on February 13, 2014, based upon performance relative to the average Return On Equity (ROE) goals during the 2014 through 2016 performance period.
- [F2]Represents shares withheld for the payment of taxes.
- [F3]Amount reported has been adjusted to include 15 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 30, 2016 and December 31, 2016 based on a plan statement dated December 31, 2016. 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 reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- [F5]The options vest in three equal annual installments beginning on February 14, 2018.
- [F6]The performance shares convert to common stock on a 1 to 1 basis.
- [F7]Represents the target number of shares to be received relative to the Company's average ROE goals and relative to the ROE achievement of certain life insurance peer companies for the 2017 through 2019 performance period. The actual number of shares to be received will be determined by the Compensation Committee in February 2020.
Documents
Issuer
PRUDENTIAL FINANCIAL INC
CIK 0001137774
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0001137774
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 5:54 PM ET
- Size
- 15.2 KB