Prudential (PRU) Director Michael Todman Receives 327-Unit Award

What Happened
Director Michael Todman received three awards on September 10, 2026 totaling 327 deferred stock units: 155 units at $118.48 ($18,364), 151 units at $118.48 ($17,890), and 21 units at $118.48 ($2,488) — aggregate value about $38,742. These entries are derivative awards (deferred stock units/restricted stock units), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-09-10; reported on Form 4 filed 2026-09-14 (4 days after the transaction). Form 4s are generally due within two business days, so this filing appears later than typical.
• Price per unit used for reporting: $118.48.
• Total units awarded: 327; total reported value ≈ $38,742.
• Shares owned after transaction: Not specified in the provided filing summary.
• Relevant footnotes from the filing (summarized):
  • F1/F3: “Notional share” (mandatory or optional) = deferred stock unit, each representing the right to receive one share of PRU common stock under the non‑employee director deferred compensation plan.
  • F2/F4: Describe payout timing and election rules (e.g., deferral options, timing relative to retirement, or minimum deferral periods).
  • F5/F6: Describe restricted stock units, vesting schedule (vest by annual meeting or May 12, 2027) and that these were deferred until retirement under the plan.
• Transaction code: A = Award/Grant (derivative).

Context
Deferred stock units and RSUs granted to non‑employee directors are routine forms of compensation and represent a contingent right to future stock or cash rather than immediate share ownership. Payout can be in PRU common stock or cash per the reporting person’s election, and distribution timing is governed by the plan (often linked to retirement or elected deferral dates). These awards do not necessarily indicate near‑term buying or selling activity.