Frias Yanela 4

What Happened
Yanela Frias, EVP and Chief Financial Officer of Prudential Financial (PRU), had previously awarded restricted stock units (RSUs) vest and convert to common stock on February 28, 2026. A total of 4,007 RSUs converted to 4,007 shares (1:1 conversion). To satisfy tax withholding, 1,402 shares were withheld (sell-to-cover) at $98.38 per share, generating proceeds of approximately $137,929; the net shares retained by Frias after withholding were 2,605 shares. Transaction codes show M = conversion/exercise of derivative (RSU conversion) and F = shares withheld for taxes.

Key Details

• Transaction date: February 28, 2026; Form 4 filed March 3, 2026. The filing does not indicate a late filing.
• Conversion and withholding breakdown:
  • 678 RSUs converted; 230 shares withheld for taxes ($22,627).
  • 950 RSUs converted; 328 shares withheld for taxes ($32,269).
  • 2,379 RSUs converted; 844 shares withheld for taxes ($83,033).
  • Total vested/converted: 4,007 shares; total withheld: 1,402 shares; total cash for withholding ≈ $137,929.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes: F1 = vesting of previously awarded RSUs; F2 = shares withheld for taxes; F3 = RSUs convert 1:1 to common stock; F4–F6 = vesting schedule (1/3 per year, last day of Feb 2024/2025/2026).

Context
This was routine compensation vesting (RSU conversion) with a sell-to-cover tax withholding — not an open-market sale or a purchase. Such withholding is common and does not necessarily indicate insider sentiment about the company. For clarity: M indicates conversion/exercise of a derivative (here, RSUs converting to shares) and F indicates shares withheld to pay taxes.