Silitch Nicholas C 4
4 · PRUDENTIAL FINANCIAL INC · Filed Feb 11, 2021
Insider Transaction Report
Form 4
Silitch Nicholas C
Senior Vice President
Transactions
- Tax Payment
Common Stock
2021-02-09$81.43/sh−5,711$465,047→ 19,506 total - Award
2021 Restricted Stock Units
2021-02-09+9,948→ 9,948 total→ Common Stock (9,948 underlying) - Award
2021 Performance Shares
2021-02-09+23,211→ 23,211 total→ Common Stock (23,211 underlying) - Exercise/Conversion
2018 Performance Shares
2021-02-09−6,399→ 0 totalExercise: $0.00→ Common Stock (6,399 underlying) - Exercise/Conversion
Common Stock
2021-02-09+13,618→ 25,217 total
Holdings
- 433(indirect: By 401(k))
Common Stock
Footnotes (8)
- [F1]The Compensation Committee determined the number of shares received based on the Company's return on equity ("ROE") performance relative to a pre-determined goal and relative to the ROE performance of certain life insurance peer companies for the 2018 through 2020 performance period, as adjusted based on the results of an inclusion and diversity modifier.
- [F2]Includes cash settled performance units which were converted from cash to equity settlement based on a decision by the Compensation Committee.
- [F3]Represents shares withheld for the payment of taxes.
- [F4]Amount reported has been adjusted to include 32 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2019 and December 31, 2020 based on a plan statement dated December 31, 2020. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
- [F5]The Restricted Stock Units convert to common stock on a 1 to 1 basis.
- [F6]The Restricted Stock Units will vest 1/3 per year beginning on February 28, 2022.
- [F7]The performance shares convert to common stock on a 1 to 1 basis.
- [F8]Represents the target number of shares to be received. The actual number of shares to be received will be determined by the Compensation Committee in February 2024 based on the Company's ROE performance relative to certain life insurance peer companies and performance relative to a pre-determined goal for growth in adjusted book value per share for the 2021 through 2023 performance period, as adjusted based on the results of an inclusion and diversity modifier.