Pianalto Sandra 4

What Happened

• Sandra Pianalto, a member of Prudential Financial's board, was granted a total of 371 derivative awards (deferred stock units) on March 12, 2026. The awards break down as 267 units @ $92.34 ($24,655), 78 units @ $92.34 ($7,203), and 26 units @ $92.34 ($2,401), for a combined notional value of about $34,259.
• These transactions are coded "A" (award/grant) and represent rights to receive PRU common stock (or in some cases cash) in the future rather than immediate open‑market purchases.

Key Details

• Transaction date and price: Mar 12, 2026 — 267 @ $92.34; 78 @ $92.34; 26 @ $92.34.
• Total units granted: 371 deferred stock units; total notional value ≈ $34,259 (based on $92.34/share).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes (summary):
  • F1/F3: Awards include "notional shares" (mandatory and optional) that are deferred stock units entitling the holder to one share per unit (or cash value) under the non‑employee director deferred compensation plan.
  • F2/F4: Payment timing is elective — payments may begin prior to retirement (with limits), within 90 days after retirement, or at a later elected date; optional units may be converted to an alternative investment under plan rules and generally have a minimum deferral period.
  • F5/F6: Some awards are restricted stock units that vest the earlier of the next annual meeting or May 13, 2026 and were deferred until retirement under the plan.
• Timeliness: Form 4 filed Mar 16, 2026 reporting a Mar 12, 2026 transaction; this filing date is consistent with the standard two‑business‑day Form 4 reporting window.

Context

• These are deferred compensation awards (derivative securities) and do not represent immediate delivery of common stock; they create a future right to receive shares or cash per the plan terms.
• Awards to non‑employee directors are common as part of board compensation and are generally considered routine. They should not be interpreted as an immediate buy or sell signal.