CASELLAS GILBERT F 4

What Happened

• Gilbert F. Casellas, a non-employee director of Prudential Financial, received two awards on 2026-06-11: 563 notional deferred stock units and 23 restricted stock units (both reported as "A" — award/grant).
• The awards are reported at a per-share valuation of $106.51: 563 units = $59,965 and 23 units = $2,450, for a combined value of about $62,415.
• These were awards, not open-market purchases or sales; deferred stock units and RSUs represent rights to receive the economic value or shares later rather than immediate share purchases.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (filed within the typical two-business-day reporting window).
• Prices/values: $106.51 per share; total value ≈ $62,415.
• Shares owned after transaction: not disclosed in the excerpt of the filing.
• Notable footnotes:
  • F1: Each notional share is a deferred stock unit that entitles the holder to one share under the deferred compensation plan for non-employee directors.
  • F2: Issuance of shares can be elected to begin prior to retirement (subject to timing rules), within 90 days after retirement, or at a later date, but must commence by the year the reporting person turns 70½.
  • F3: Each RSU represents a contingent right to the economic equivalent of one share.
  • F4: The RSUs vest at the earlier of the annual meeting or May 12, 2027.
• Transaction code: A = Award/Grant. No 10b5-1 plan, sale, gift, or exercise indicated.

Context

• Deferred stock units and RSUs are common director compensation and do not immediately transfer voting shares; they are promises to deliver shares or share value later per plan terms.
• Because this is an award rather than a purchase or sale, it should be viewed as routine director compensation and not as direct insider buying or selling of stock for immediate market exposure.