Prudential (PRU) Director Gilbert Casellas Receives Awards

What Happened

• Gilbert F. Casellas, a director of Prudential Financial (PRU), received two derivative awards on 2026-09-10: 513 units at $118.48 each ($60,780) and 21 units at $118.48 each ($2,488), for a total of 534 notional/restricted units valued at ~$63,268. The transactions are coded as "A" (award/grant) and are reported as derivative interests rather than open-market stock purchases.

Key Details

• Transaction date: 2026-09-10; Filing date: 2026-09-14 (filed on time).
• Prices and values: 513 units × $118.48 = $60,780; 21 units × $118.48 = $2,488; total = 534 units ≈ $63,268.
• Transaction type: Award/grant of derivative securities (Form 4 code A).
• Shares owned after transaction: Not specified in the provided report.
• Notable footnotes:
  • F1: Some units are notional deferred stock units (DSUs) that entitle the holder to receive one share of common stock under the issuer's deferred compensation plan.
  • F2: DSU payouts can be scheduled per the holder’s election (including timing around retirement or by age 70½).
  • F3: Restricted stock units (RSUs) represent a contingent right to receive the economic equivalent of one PRU share.
  • F4: The RSUs vest the earlier of the annual meeting or May 12, 2027.

Context

• These awards are compensation-style grants to a non-employee director and are recorded as derivative interests (DSUs/RSUs). They do not represent an immediate open-market purchase of shares and typically convert to or pay out in actual shares or cash according to the plan and vesting/distribution rules noted above.