Waldeck George P Jr. 4
Research Summary
AI-generated summary
Prudential (PRU) EVP George P. Waldeck Exercises RSUs, Sells Shares
What Happened
- George P. Waldeck Jr., Executive Vice President of Prudential Financial (PRU), had previously awarded restricted stock units (RSUs) vest and convert to common stock on Feb 28, 2026. The filing shows conversion/acquisition of 5,588 shares (1,768 + 1,924 + 1,896) at $0.00 (RSU conversion).
- To satisfy tax withholding obligations, 1,652 shares were withheld/disposed (544 + 558 + 550) at $98.38 per share, resulting in proceeds (tax withholding amount) of about $162,524 in aggregate. Several derivative entries (listed as disposed at $0.00) reflect the conversion/cancellation of the underlying RSU derivative awards.
Key Details
- Transaction date: February 28, 2026.
- Conversions (acquired): 5,588 shares via RSU vesting, reported at $0.00 per share (RSUs convert 1:1 to common stock).
- Shares withheld/ disposed for taxes: 1,652 shares at $98.38 per share, totaling roughly $162,524.
- Footnotes: F1 = vesting of previously awarded RSUs; F2 = shares withheld for tax payment; F3 = RSUs convert 1:1 to common stock; F4–F6 = RSUs vest 1/3 per year beginning last day of Feb 2024, 2025, and 2026.
- Shares owned after the transaction are not specified in the provided filing excerpt.
- No late-filing flag was provided in the data you supplied.
Context
- This series of entries is a routine RSU vesting event: RSUs converted to shares and a portion of those shares were withheld/sold to cover tax obligations (a common administrative step, often called a cashless/withholding sale).
- These transactions are administrative (vesting and tax withholding) rather than an open-market sale by the insider; they do not necessarily indicate a change in the insider’s market view.