SEC Form 4 · accession 0001127602-19-006058
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy L Schmidt
Officer — Senior Vice President
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 5:35 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 Employee Stock Option (Right to Buy)F1 | $93.36 | Feb 12, 2019 | A | 7,022 | A | — | Feb 12, 2029 | Common Stock | 7,022 | 7,022 | D |
| 2019 Performance SharesF2,F3 | $0.00 | Feb 12, 2019 | A | 4,499 | A | — | — | Common Stock | 4,499 | 4,499 | D |
Explanation of responses
- F1The options vest in three equal annual installments beginning on February 12, 2020.
- 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 for the 2019 through 2021 performance period. The actual number of shares to be received will be determined by the Compensation Committee in February 2022.