0001127602-22-004327.txt : 20220210 0001127602-22-004327.hdr.sgml : 20220210 20220210184822 ACCESSION NUMBER: 0001127602-22-004327 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220208 FILED AS OF DATE: 20220210 DATE AS OF CHANGE: 20220210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sleyster Scott CENTRAL INDEX KEY: 0001555872 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16707 FILM NUMBER: 22615921 MAIL ADDRESS: STREET 1: 751 BROAD STREET, 5TH FLOOR STREET 2: ATTN.: REGULATORY FILINGS UNIT CITY: NEWARK STATE: NJ ZIP: 07102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL FINANCIAL INC CENTRAL INDEX KEY: 0001137774 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 223703799 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 751 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9738026000 MAIL ADDRESS: STREET 1: 751 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2022-02-08 0001137774 PRUDENTIAL FINANCIAL INC PRU 0001555872 Sleyster Scott 751 BROAD STREET, 5TH FLOOR ATTN: REGULATORY FILINGS UNIT NEWARK NJ 07102 1 Executive Vice President Common Stock 2022-02-08 4 M 0 22884 0 A 82899.12 D Common Stock 2022-02-08 4 F 0 10474 121.33 D 72425.12 D Common Stock 8320 I By 401(k) 2022 Restricted Stock Units 0 2022-02-08 4 A 0 9067 0 A Common Stock 9067 9067 D 2022 Performance Shares 0 2022-02-08 4 A 0 27199 0 A Common Stock 27199 27199 D Deferred Compensation Shares 0 2022-02-08 4 I 0 89230 121.33 D Common Stock 89230 16573 D 2019 Performance Shares 0 2022-02-08 4 M 0 12211 0 D Common Stock 12211 0 D 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 79 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 30, 2021, 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 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. Deferred Compensation Shares are based on unitized accounting and convert to common stock on a 1 to 1 basis. Deferred Compensation Shares are deemed immediately exercisable and are payable in cash at a date selected by the participant. /s/ Richard J. Baker, attorney-in-fact 2022-02-10