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PRUDENTIAL FINANCIAL INC·4

Feb 11, 4:38 PM ET

KAPPLER ANN M 4

Research Summary

AI-generated summary

Updated

Prudential (PRU) EVP/General Counsel Ann Kappler Exercises Options, Receives Awards

What Happened
Ann M. Kappler, EVP and General Counsel of Prudential Financial, reported multiple equity transactions on 2026-02-09. She exercised/converted derivatives that resulted in acquisition and disposition entries and received equity awards (restricted stock units and performance shares). A total of 7,277 shares were withheld to cover tax obligations, representing proceeds of approximately $743,709. The filing (dated 2026-02-11) appears to have been submitted within the typical two-business-day window.

Key Details

  • Transaction date: 2026-02-09 (Form 4 filed 2026-02-11).
  • Exercise/conversion (code M): 17,636 shares acquired; 19,972 shares reported as disposed (net/settlement mechanics reflected on the Form). No per-share exercise price reported for those entries ($0.00 shown).
  • Tax withholding (code F): 7,277 shares withheld at $102.20 per share = $743,709 withheld for taxes. (Footnote F2: shares withheld for tax payment.)
  • Awards (code A): 8,244 shares (RSUs) and 24,731 shares (performance shares) granted with $0.00 per-share reporting (derivative awards).
  • Additional note: 21 shares were acquired under the Prudential Employee Savings Plan between 6/30/2025 and 12/31/2025 (Footnote F3).
  • Footnotes summary:
    • F1: Performance determination for 2023–2025 ROE and adjusted book value growth influenced award sizing.
    • F4/F6: RSUs and performance shares convert to common stock on a 1:1 basis.
    • F5: RSUs vest one-third per year beginning Feb 2027.
    • F7: A target number of future performance shares is subject to 2026–2028 performance and will be finalized Feb 2029.
  • Shares owned after the transactions are not shown in the provided data.

Context
This was primarily an equity award conversion/exercise event with routine tax-withholding. The withheld shares to cover taxes are a standard administrative step and represent the only material cash value reported (~$743,709). Performance-share payouts and RSU vesting are subject to committee determinations and vesting/measurement schedules (see footnotes), so future share receipts may vary.