TODMAN MICHAEL 4
4 · PRUDENTIAL FINANCIAL INC · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
Prudential Director Michael Todman Receives 1,754 RSUs
What Happened Michael Todman, a director of Prudential Financial, Inc. (PRU), was granted 1,754 restricted stock units (RSUs) on May 12, 2026. The RSUs were reported as a derivative award (code A) at $0.00 (no cash paid). These are contingent rights to receive one share of PRU common stock (or cash equivalent) upon or following Todman’s termination of service, subject to the plan terms.
Key Details
- Transaction date: May 12, 2026; filing date: May 14, 2026 (timely filing).
- Grant: 1,754 restricted stock units; reported price $0.00 (award/derivative).
- Vesting: RSUs vest the earlier of the next annual meeting or one year (May 12, 2027).
- Payout terms: Units are deferred until retirement under the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors; payout may be in shares or cash at the reporting person’s election.
- Shares owned after transaction: Not specified in the provided filing.
- Filing status: Not indicated as late.
Context Restricted stock units are a form of long-term compensation, not immediate stock ownership. They convert to shares (or cash) only upon settlement as described above, so this award does not represent an immediate market purchase or sale. As with most director RSU grants, this is routine compensation disclosure rather than an indicator of near-term trading.
Insider Transaction Report
- Award
2026 Restricted Stock Units
[F1][F2]2026-05-12+1,754→ 1,754 totalExercise: $0.00→ Common Stock (1,754 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of PRU common stock or the economic equivalent thereof. The restricted stock units become payable, in PRU common stock or in cash, at the election of the reporting person, upon or following the reporting person's termination of service as a Director unless the reporting person elects an earlier date pursuant to the terms of the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors.
- [F2]The restricted stock units vest the earlier of the annual meeting or in one year on May 12, 2027 and were deferred until retirement from the Board under the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors.