4//SEC Filing
Harris Timothy P 4
Accession 0001127602-18-006393
CIK 0001137774other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 4:32 PM ET
Size
16.4 KB
Accession
0001127602-18-006393
Insider Transaction Report
Form 4
Harris Timothy P
EVP and General Counsel
Transactions
- Tax Payment
Common Stock
2018-02-13$106.89/sh−2,129$227,569→ 24,691 total - Exercise/Conversion
Common Stock
2018-02-13+6,885→ 26,820 total - Exercise/Conversion
2015 Performance Shares
2018-02-13−2,373→ 0 totalExercise: $0.00→ Common Stock (2,373 underlying) - Award
2018 Employee Stock Option (Right to Buy)
2018-02-13+8,941→ 8,941 totalExercise: $106.89Exp: 2028-02-13→ Common Stock (8,941 underlying) - Award
2018 Performance Shares
2018-02-13+6,768→ 6,768 totalExercise: $0.00→ Common Stock (6,768 underlying) - Exercise/Conversion
10/01/2015 Performance Shares
2018-02-13−3,863→ 0 totalExercise: $0.00→ Common Stock (3,863 underlying)
Holdings
- 1,400(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]The Compensation Committee awarded these shares, the grant of which was made on February 10, 2015 and October 1, 2015, respectively, and originally reported on a respective Form 3 and Form 4 filed with the SEC on October 5, 2015, based upon performance relative to the average Return On Equity (ROE) goals modified by ROE, EPS Growth and Book Value Per Share Growth relative to certain life insurance peers during the 2015 through 2017 performance period.
- [F2]Represents shares withheld for the payment of taxes.
- [F3]Amount reported has been adjusted to include 8 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 30, 2017 and December 31, 2017 based on a plan statement dated December 31, 2017. 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 13, 2019.
- [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 and relative to the ROE achievement of certain life insurance peer companies for the 2018 through 2020 performance period. The actual number of shares to be received will be determined by the Compensation Committee in February 2021.
Documents
Issuer
PRUDENTIAL FINANCIAL INC
CIK 0001137774
Entity typeother
Related Parties
1- filerCIK 0001653998
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 4:32 PM ET
- Size
- 16.4 KB