CASELLAS GILBERT F 4

What Happened

• Gilbert F. Casellas, a director of Prudential Financial, reported converting/settling derivative awards and disposing of 1,765 shares on May 12, 2026. The disposition to the issuer was at $102.58 per share, totaling $181,054. The filing also shows a grant of 1,754 restricted stock units (RSUs).

Key Details

• Transaction dates: May 12, 2026 (reported on Form 4 filed May 14, 2026).
• Sales/Dispositions: 1,765 shares disposed to the issuer at $102.58/share — proceeds $181,054.
• Conversion/Awards: 1,765 shares were converted/exercised (derivative conversion/exercise reported at $0.00) and 1,754 RSUs granted (reported as derivative awards at $0.00).
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: F1 — each RSU represents a contingent right to the economic equivalent of one share. F2/F3 — RSUs vest the earlier of the annual meeting or on May 12, 2027 (F2) or May 13, 2026 (F3), as applicable.
• Filing timeliness: Form 4 filed two days after the transactions (May 14 reporting May 12 transactions); no late-filing flag shown.

Context

• The zero exercise price and immediate disposition to the issuer indicate a conversion/settlement of derivative awards (RSUs) followed by a disposition to the company — commonly a net settlement or withholding arrangement rather than an open-market sale. Derivative codes: M = exercise/conversion, A = grant/award, D = disposition to issuer.