4//SEC Filing
STRANGFELD JOHN R JR 4
Accession 0001127602-18-006405
CIK 0001137774other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 4:36 PM ET
Size
15.4 KB
Accession
0001127602-18-006405
Insider Transaction Report
Form 4
STRANGFELD JOHN R JR
DirectorChief Executive OfficerOther
Transactions
- Tax Payment
Common Stock
2018-02-13$106.89/sh−14,267$1,525,000→ 274,518 total - Exercise/Conversion
2015 Performance Shares
2018-02-13−31,022→ 0 totalExercise: $0.00→ Common Stock (31,022 underlying) - Award
2018 Performance Shares
2018-02-13+24,611→ 24,611 totalExercise: $0.00→ Common Stock (24,611 underlying) - Exercise/Conversion
Common Stock
2018-02-13+34,249→ 288,785 total - Award
2018 Employee Stock Option (Right to Buy)
2018-02-13+65,020→ 65,020 totalExercise: $106.89Exp: 2028-02-13→ Common Stock (65,020 underlying)
Holdings
- 596(indirect: By Spouse)
Common Stock
- 1,821(indirect: By 401(k))
Common Stock
Footnotes (7)
- [F1]The Compensation Committee awarded these shares, the grant of which was made on February 10, 2015, and originally reported on a Form 4 filed with the SEC on February 12, 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 24 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between June 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 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 13, 2019.
- [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 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 0001184679
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 4:36 PM ET
- Size
- 15.4 KB