Boyle Robert E 4

What Happened

Robert E. Boyle, Senior Vice President of Prudential Financial (PRU), had restricted stock units (RSUs) vest on February 28, 2026. Three RSU groups converted 1:1 into common stock totaling 2,511 shares (899 + 832 + 780) at $0.00 conversion price. To satisfy tax withholding, 805 shares (289 + 267 + 249) were withheld and disposed at $98.38 per share, totaling about $79,197. Net shares added to his holdings from this vesting event are 1,706 shares (2,511 vested − 805 withheld).

Key Details

• Transaction date: February 28, 2026; Form 4 filed March 3, 2026 (timely within required business days).
• Conversion price: $0.00 per share (RSU conversion). Withholding sales executed at $98.38 per share.
• Shares vested/converted: 899, 832, and 780 (total 2,511).
• Shares withheld for taxes: 289, 267, and 249 (total 805); cash value ≈ $79,197.
• Net new shares retained after withholding: 1,706.
• Footnotes: F1 = vesting of previously awarded RSUs; F2 = shares withheld for taxes; F3 = RSUs convert 1:1 to common; F4–F6 = vesting schedule (1/3 per year ending Feb 2024–2026).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).
• Shares owned after the transaction are not specified on the reported excerpt.

Context

This was a routine equity compensation vesting event (RSUs converting to common stock) with shares withheld to cover tax obligations — a common, non-market-sale method of satisfying taxes rather than an open-market sale. Such withholding transactions reflect tax mechanics of compensation and do not necessarily signal a buy/sell investment decision by the insider.