4//SEC Filing
Silitch Nicholas C 4
Accession 0001127602-22-004326
CIK 0001137774other
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 6:43 PM ET
Size
14.5 KB
Accession
0001127602-22-004326
Insider Transaction Report
Form 4
Silitch Nicholas C
Senior Vice President
Transactions
- Tax Payment
Common Stock
2022-02-08$121.33/sh−5,845$709,174→ 21,482 total - Exercise/Conversion
Common Stock
2022-02-08+16,021→ 27,327 total - Award
2022 Restricted Stock Units
2022-02-08+6,429→ 6,429 totalExercise: $0.00→ Common Stock (6,429 underlying) - Exercise/Conversion
2019 Performance Shares
2022-02-08−8,998→ 0 totalExercise: $0.00→ Common Stock (8,998 underlying) - Award
2022 Performance Shares
2022-02-08+15,001→ 15,001 totalExercise: $0.00→ Common Stock (15,001 underlying)
Holdings
- 450(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 2019 through 2021 performance period
- [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 5 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 30, 2021, and December 31, 2021, based on a plan statement dated December 31, 2021. 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, 2023.
- [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 2025 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 2022 through 2024 performance period.
Documents
Issuer
PRUDENTIAL FINANCIAL INC
CIK 0001137774
Entity typeother
Related Parties
1- filerCIK 0001552178
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 6:43 PM ET
- Size
- 14.5 KB