SULLIVAN ANDREW F 4
Research Summary
AI-generated summary
Prudential (PRU) CEO Andrew F. Sullivan Receives Award of 2,329 Shares
What Happened
Andrew F. Sullivan, CEO of Prudential Financial, received a grant/award of 2,329 Deferred Compensation Shares on 2026-03-06. The reported per-share value was $97.12, for a total notional value of $226,192. The transaction is reported as a derivative award (transaction code A).
Key Details
- Transaction date: 2026-03-06; filing date: 2026-03-10 (timely filing).
- Price per share reported: $97.12; total value: $226,192.
- Transaction type: Award/Grant of Deferred Compensation Shares (derivative).
- Shares owned after transaction: not specified in this filing.
- Footnotes:
- F1: Deferred Compensation Shares are unitized and convert to common stock on a 1:1 basis.
- F2: These shares are deemed immediately exercisable and are payable in cash at a date chosen by the participant.
Context
This was a compensation-related award, not an open-market purchase or sale. Deferred compensation awards are common for executives and may be paid in stock or cash per plan terms; they do not necessarily signal the insider’s short-term view of the stock. The filing shows the award is a derivative/ deferred-compensation instrument with conversion and payout terms described in the footnotes.