Boyle Robert E 4

What Happened
Robert E. Boyle, Senior Vice President of Prudential Financial (PRU), received shares on February 9, 2026 through the conversion/grant of restricted and performance-based derivative awards. The filing shows Boyle acquired a total of 8,056 shares (1,020 from conversion, plus awards of 2,111 and 4,925 shares). The company withheld 411 shares to satisfy tax withholding obligations (411 × $102.20 = $42,004). The filing also reports 1,155 shares marked as disposed in connection with a conversion (reported at $0 in the filing). The Form 4 was filed on Feb 11, 2026 (timely).

Key Details

• Transaction date: 2026-02-09; Form 4 filed 2026-02-11 (timely).
• Acquisitions: 1,020 shares (conversion) + 2,111 RSU-type award + 4,925 performance-type award = 8,056 shares acquired; reported acquisition price $0 (derivative conversions/awards).
• Disposals/withholding: 411 shares withheld for taxes at $102.20 each = $42,004; 1,155 shares reported as disposed (reported value $0).
• Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = shares withheld for taxes.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes: performance-share amounts were determined based on Prudential’s ROE vs. peers and growth in adjusted book value per share for the 2023–2025 performance period; RSUs/performance shares convert 1:1 to common stock; RSU vesting is 1/3 per year beginning Feb 2027.

Context
These transactions reflect awards and the conversion of restricted/performance units rather than open-market purchases or sales. Withholding of shares to cover taxes (F) is a routine settlement step and does not necessarily signal a discretionary sale. Performance shares are contingent on company ROE and adjusted book-value growth, so final shares from such awards can depend on committee-determined performance results.