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Filing Details

Accession Number:: 0001127602-22-004330
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-02-10 19:07:28
Reporting Period:: 2022-02-08

Accepted Time:: 2022-02-10 19:07:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1137774	Prudential Financial Inc	PRU	Life Insurance (6311)	223703799

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1795452	F Andrew Sullivan	751 Broad Street, 5Th Floor Attn: Regulatory Filings Unit Newark NJ 07102	Executive Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2022-02-08	12,387	$95.87	25,590	No	4	M	Direct
Common Stock	Disposition	2022-02-08	11,720	$121.44	13,870	No	4	S	Direct
Common Stock	Acquisiton	2022-02-08	4,681	$93.36	13,870	No	4	M	Direct
Common Stock	Acquisiton	2022-02-08	826	$78.08	14,696	No	4	M	Direct
Common Stock	Acquisiton	2022-02-08	749	$77.15	9,189	No	4	M	Direct
Common Stock	Acquisiton	2022-02-08	344	$85.46	8,440	No	4	M	Direct
Common Stock	Disposition	2022-02-08	6,600	$121.52	8,096	No	4	S	Direct
Common Stock	Acquisiton	2022-02-08	8,432	$0.00	22,302	No	4	M	Direct
Common Stock	Disposition	2022-02-08	3,439	$121.33	18,863	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	2020 Employee Stock Option (Right to Buy)	Disposition	2022-02-08	12,387	$0.00	12,387	$95.87
Common Stock	2019 Employee Stock Option (Right to Buy)	Disposition	2022-02-08	4,681	$0.00	4,681	$93.36
Common Stock	2015 Employee Stock Option (Right to Buy)	Disposition	2022-02-08	826	$0.00	826	$78.08
Common Stock	10/13/15 Employee Stock Option (Right to Buy)	Disposition	2022-02-08	749	$0.00	749	$77.15
Common Stock	5/15/15 Employee Stock Option (Right to Buy)	Disposition	2022-02-08	344	$0.00	344	$85.46
Common Stock	2022 Restricted Stock Units	Acquisiton	2022-02-08	9,067	$0.00	9,067	$0.00
Common Stock	2022 Performance Shares	Acquisiton	2022-02-08	27,199	$0.00	27,199	$0.00
Common Stock	2019 Performance Shares	Disposition	2022-02-08	4,499	$0.00	4,499	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
24,776	2030-02-11	No	4	M	Direct
2,341	2029-02-12	No	4	M	Direct
0	2025-02-10	No	4	M	Direct
0	2025-10-13	No	4	M	Direct
0	2025-05-15	No	4	M	Direct
9,067		No	4	A	Direct
27,199		No	4	A	Direct
0		No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	371	Indirect	By 401(k)

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.40 to $121.49 inclusive. The reporting person undertakes to provide to Prudential Financial, Inc., any security holder of Prudential Financial, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.49 to $121.52 inclusive. The reporting person undertakes to provide to Prudential Financial, Inc., any security holder of Prudential Financial, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
The Compensation Committee determined the number of shares received based on the Company's return on equity ("ROE") performance relative to a pre-determined goal and relative to the ROE performance of certain life insurance peer companies for the 2019 through 2021 performance period.
Includes cash settled performance units which were converted from cash to equity settlement based on a decision by the Compensation Committee.
Represents shares withheld for the payment of taxes.
Amount reported has been adjusted to include 14 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2020, and December 31, 2021, based on a plan statement dated December 31, 2021. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
The options vest in three equal annual installments beginning on February 11, 2021.
The options vest in three equal annual installments beginning on February 12, 2020.
The options vest in three equal annual installments beginning February 10, 2016.
The options vest in three equal annual installments beginning on October 13, 2016.
The options vest in three equal annual installments beginning on May 15, 2016.
The Restricted Stock Units convert to common stock on a 1 to 1 basis.
The Restricted Stock Units will vest 1/3 per year beginning on February 28, 2023.
The performance shares convert to common stock on a 1 to 1 basis.
Represents the target number of shares to be received. The actual number of shares to be received will be determined by the Compensation Committee in February 2025 based on the Company's ROE performance relative to certain life insurance peer companies and performance relative to a pre-determined goal for growth in adjusted book value per share for the 2022 through 2024 performance period.