4//SEC Filing
TODMAN MICHAEL 4
Accession 0001127602-24-029510
CIK 0001137774other
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 5:12 PM ET
Size
11.4 KB
Accession
0001127602-24-029510
Insider Transaction Report
Form 4
TODMAN MICHAEL
Director
Transactions
- Award
2024 Restricted Stock Units
2024-12-12$120.61/sh+13$1,568→ 1,304 totalExercise: $0.00→ Common Stock (13 underlying) - Award
Notional Shares - Mandatory
2024-12-12$120.61/sh+130$15,679→ 12,194 totalExercise: $0.00→ Common Stock (130 underlying) - Award
Notional Shares - Optional
2024-12-12$120.61/sh+94$11,337→ 8,877 totalExercise: $0.00→ Common Stock (94 underlying)
Footnotes (6)
- [F1]Each notional share - mandatory represents a deferred stock unit and entitles the holder thereof with the right to receive one share of Issuer common stock under the Issuer's deferred compensation plan for non-employee directors.
- [F2]Such shares are issuable, at the election of the reporting person, to begin on either (i) a date prior to the reporting person's retirement date, provided that such date is no earlier than the January 1 in the year following the plan period during which such fees would otherwise have been payable to the reporting person, (ii) within 90 days following the reporting person's retirement date, or (iii) such later date as selected by the reporting person, provided however, that payment must commence in the year the reporting person attains age 70 1/2.
- [F3]Each notional share - optional represents a deferred stock unit and entitles the holder thereof with the right to receive one share of Issuer common stock or the cash value thereof under the Issuer's deferred compensation plan for non-employee directors.
- [F4]Such shares are payable in common stock or cash, at the election of the reporting person, with payment to begin, at the election of the reporting person provided that such date shall be at least two (2) years after the end of the plan year with respect to which such elective deferrals relate. The reporting person may transfer her investment in the notional shares - optional to an alternative investment account, subject to the terms of the Issuer's deferred compensation plan for non-employee directors.
- [F5]Each restricted stock unit represents a contingent right to receive one share of PRU common stock or the economic equivalent thereof. The restricted stock units become payable, in PRU common stock or in cash, at the election of the reporting person, upon or following the reporting person's termination of service as a Director unless the reporting person elects an earlier date pursuant to the terms of the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors.
- [F6]The restricted stock units vest the earlier of the annual meeting or in one year on May 14, 2025.
Documents
Issuer
PRUDENTIAL FINANCIAL INC
CIK 0001137774
Entity typeother
Related Parties
1- filerCIK 0001224298
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 5:12 PM ET
- Size
- 11.4 KB