SEC Form 4 · accession 0001127602-18-035050
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Strangfeld Jr.
Officer — Chief Executive Officer · Director · Other
Period of report
Nov 30, 2018
Accepted (ET)
Dec 4, 2018 · 12:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137774
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 11/30/2018 Employee Stock Option (Right to Buy)F1 | $93.76 | Nov 30, 2018 | A | 81,268 | A | — | Nov 30, 2028 | Common Stock | 81,268 | 81,268 | D |
| 11/30/2018 Performance SharesF2,F3 | $0.00 | Nov 30, 2018 | A | 30,760 | A | — | — | Common Stock | 30,760 | 30,760 | D |
Explanation of responses
- F1The options vest in three equal annual installments beginning on November 30, 2019.
- F2The performance shares convert to common stock on a 1 to 1 basis.
- F3Represents the target number of shares to be received relative to the Company's average ROE goals and relative to the ROE achievement of certain life insurance peer companies, and modified by Employee Diversity, for the 2018 through 2020 performance period. The actual number of shares to be received will be determined by the Compensation Committee in February 2021.