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PRUDENTIAL FINANCIAL INC·4

Feb 11, 4:51 PM ET

Walia Vicki 4

Research Summary

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Prudential (PRU) EVP Vicki Walia Receives Awards, Converts Derivatives

What Happened
Vicki Walia, Executive Vice President of Prudential Financial (PRU), was granted equity awards and reported conversions of previously issued derivative awards on 2026-02-09. The Form 4 shows: 8,684 restricted stock units (RSUs) granted and 26,052 performance-share awards granted (target amount). The filing also reports conversions/exercises of derivative awards showing 770 shares acquired and 872 shares reported as disposed (both at $0). Separately, 263 shares were withheld to cover taxes at $102.20 each, totaling $26,879.

Key Details

  • Transaction date: 2026-02-09 (Form 4 filed 2026-02-11 — timely filing).
  • Grants: 8,684 RSUs (A) and 26,052 performance-share awards (A, target number). RSUs and PSUs reported at $0 acquisition price.
  • Derivative conversions/exercises (M): 770 shares acquired @ $0; 872 shares disposed @ $0 (reported as derivative activity).
  • Tax withholding (F): 263 shares withheld @ $102.20 to cover taxes, value $26,879. (Footnote F2)
  • Vesting / conversion notes:
    • RSUs convert 1:1 to common stock and vest 1/3 per year starting February 2027 (F3, F4).
    • Performance shares convert 1:1 (F5); the 26,052 figure is a target and actual payout will be determined in February 2029 based on ROE and adjusted book-value growth for the 2026–2028 performance period (F6).
    • Some converted/settled shares relate to performance results for the 2023–2025 period as determined by the Compensation and Human Capital Committee (F1).
  • Shares owned after the transactions: not specified in the provided filing excerpt.

Context

  • The grants (A) are award-based, not open-market purchases; these are routine compensation actions rather than direct buy/sell signals.
  • The conversion/exercise (M) entries reflect settlement/conversion of existing derivative awards (e.g., performance-based awards or RSUs); because amounts are reported at $0 they reflect award settlements rather than paid open-market purchases.
  • The 263-share withholding (F) is a standard tax-withholding event following issuance/settlement of equity awards and is common in executive equity settlements.