Statement of Changes in Beneficial Ownership (4)
December 18 2020 - 05:46PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Baltimore Thomas J
Jr |
2. Issuer Name and Ticker or Trading
Symbol PRUDENTIAL FINANCIAL INC [ PRU ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
751 BROAD STREET, 4TH FLOOR, ATTN. CORPORATE
COMPLIANCE |
3. Date of Earliest Transaction (MM/DD/YYYY)
12/17/2020
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(Street)
NEWARK, NJ 07102
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Notional Shares - Mandatory |
$0 (1) |
12/17/2020 |
|
A |
|
153 |
|
(2) |
(2) |
Common Stock |
153 |
$77.66 |
10957 |
D |
|
Notional Shares - Optional |
$0 (3) |
12/17/2020 |
|
A |
|
688 |
|
(4) |
(4) |
Common Stock |
688 |
$77.66 |
49269 |
D |
|
2020 Restricted Stock Units |
(5) |
12/17/2020 |
|
A |
|
40 |
|
(6) |
(6) |
Common Stock |
40 |
$77.66 |
2897 |
D |
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Explanation of
Responses: |
(1) |
Each notional share -
mandatory represents a deferred stock unit and entitles the holder
thereof with the right to receive one share of Issuer common stock
under the Issuer's deferred compensation plan for non-employee
directors. |
(2) |
Such shares are issuable, at
the election of the reporting person, to begin on either (i) a date
prior to the reporting person's retirement date, provided that such
date is no earlier than the January 1 in the year following the
plan period during which such fees would otherwise have been
payable to the reporting person, (ii) within 90 days following the
reporting person's retirement date, or (iii) such later date as
selected by the reporting person, provided however, that payment
must commence in the year the reporting person attains age 70
1/2. |
(3) |
Each notional share -
optional represents a deferred stock unit and entitles the holder
thereof with the right to receive one share of Issuer common stock
or the cash value thereof under the Issuer's deferred compensation
plan for non-employee directors. |
(4) |
Such shares are payable in
common stock or cash, at the election of the reporting person, with
payment to begin, at the election of the reporting person provided
that such date shall be at least two (2) years after the end of the
plan year with respect to which such elective deferrals relate. The
reporting person may transfer his investment in the notional shares
- optional to an alternative investment account, subject to the
terms of the Issuer's deferred compensation plan for non-employee
directors. |
(5) |
Each restricted stock unit
represents a contingent right to receive one share of PRU common
stock or the economic equivalent thereof. The restricted stock
units become payable, in PRU common stock or in cash, at the
election of the reporting person, upon or following the reporting
person's termination of service as a Director unless the reporting
person elects an earlier date pursuant to the terms of the
Prudential Financial, Inc. 2011 Deferred Compensation Plan for
Non-Employee Directors. |
(6) |
The restricted stock units
vest the earlier of the annual meeting or in one year on May 12,
2021 and were deferred under the Prudential Financial, Inc. 2011
Deferred Compensation Plan for Non-Employee Directors. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Baltimore Thomas J Jr
751 BROAD STREET, 4TH FLOOR
ATTN. CORPORATE COMPLIANCE
NEWARK, NJ 07102 |
X |
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Signatures
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/s/ Richard J. Baker,
attorney-in-fact |
|
12/18/2020 |
**Signature of Reporting
Person |
Date |