TODMAN MICHAEL 4

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.