Chappuis Jacques 4

What Happened

• Jacques Chappuis, Executive Vice President of Prudential Financial (PRU), had previously awarded restricted stock units (RSUs) vest on 2026-04-30. A total of 10,333 RSUs converted to common stock (1:1) at no cash exercise price.
• To cover tax liabilities, 5,715 of those shares were withheld/disposed at $98.11 per share, totaling $560,698. The net shares retained by Chappuis after withholding were 4,618. The filing shows the vesting/conversion (transaction code M) and tax withholding/disposition (transaction code F).

Key Details

• Transaction date: 2026-04-30; filing date: 2026-05-04 (filed within required 2 business days).
• Conversion/vesting: 10,333 RSUs -> 10,333 common shares (acquisition value reported $0).
• Shares withheld for taxes: 5,715 shares @ $98.11 = $560,698 (disposed).
• Net shares received by insider: 4,618.
• Footnotes: F1 = vesting of previously awarded RSUs; F2 = shares withheld for taxes; F3 = RSUs convert 1:1 to common stock; F4 = RSUs vest 1/3 per year beginning 4/30/2026.
• Shares owned after the transaction: not stated in the filing.

Context

• This was a routine RSU vesting and tax-withholding transaction (award settlement), not an open-market purchase or voluntary sale; tax withholding is common and does not necessarily signal a change in insider sentiment.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion), F = payment of exercise price or tax liability (shares withheld).