CASELLAS GILBERT F 4

What Happened
Gilbert F. Casellas, a member of the board of directors of Prudential Financial, received derivative awards on March 12, 2026: 640 notional/deferred stock units and 26 restricted stock units. Both awards are reported at $92.34 per share, valued at $59,098 and $2,401 respectively, for a combined reported value of $61,499. These were grants/awards (code A) — not open-market purchases or sales — and represent rights to future share value rather than immediate common-stock transfers.

Key Details

• Transaction date: 2026-03-12; Price per share used for reporting: $92.34.
• Grants: 640 deferred stock units (reported value $59,098) and 26 restricted stock units (reported value $2,401).
• Total reported value: $61,499.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • Deferred stock units (notional shares) entitle the holder to one share of common stock or economic equivalent under the issuer’s deferred compensation plan for non-employee directors (F1, F2).
  • Restricted stock units represent a contingent right to receive one share each; they vest the earlier of the annual meeting or May 13, 2026 (F3, F4).
• Filing: Form 4 filed 2026-03-16 for a 2026-03-12 transaction — appears to have been filed within the SEC’s two-business-day window.

Context
These awards are compensation-related derivative grants to a non-employee director (deferred stock units and RSUs). Deferred stock units are paid out later as shares or cash per the director’s election and timing rules; RSUs convert to actual shares (or equivalent value) upon vesting. Such grants are routine director compensation and do not, by themselves, indicate buying or selling sentiment.