Statement of Changes in Beneficial Ownership (4)
February 09 2022 - 9:47AM
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
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SCHMIDT TIMOTHY L |
2. Issuer Name and Ticker or Trading Symbol
PRUDENTIAL FINANCIAL INC
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PRU
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President |
(Last)
(First)
(Middle)
751 BROAD STREET, 5TH FLOOR, ATTN. REGULATORY FILINGS UNIT |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/7/2022 |
(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
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/7/2022 | | M(1) | | 3811 | A | $54.00 | 16708 | D | |
Common Stock | 2/7/2022 | | S(1) | | 3811 | D | $120.00 | 12897 | D | |
Common Stock | 2/7/2022 | | M(1) | | 10902 | A | $57.00 | 23799 | D | |
Common Stock | 2/7/2022 | | S(1) | | 10902 | D | $120.00 | 12897 (2) | D | |
Common Stock | | | | | | | | 252 (3) | I | By 401(k) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
8/15/2012 Employee Stock Option (Right to Buy) | $54.00 | 2/7/2022 | | M (1) | | | 3811 | (4) | 8/15/2022 | Common Stock | 3811 | $0 | 0 | D | |
2013 Employee Stock Option (Right to Buy) | $57.00 | 2/7/2022 | | M (1) | | | 10902 | (5) | 2/12/2023 | Common Stock | 10902 | $0 | 0 | D | |
Explanation of Responses: |
(1) | The option exercises and sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2021. |
(2) | Following the transaction reported on this Form 4, Mr. Schmidt continues to hold 12,897 shares directly and 252 shares indirectly in a 401(k) account. Mr. Schmidt also holds an additional 7,308 vested stock options, 7,597 unvested stock options, 6,264 restricted stock units and 32,374 target performance shares (the exact number awarded being dependent on achievement of performance goals). |
(3) | Amount reported has been adjusted to include 2 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). |
(4) | The options vest in three equal annual installments beginning on August 15, 2013. |
(5) | The options vest in three equal annual installments beginning on February 12, 2014. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SCHMIDT TIMOTHY L 751 BROAD STREET, 5TH FLOOR ATTN. REGULATORY FILINGS UNIT NEWARK, NJ 07102 |
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| Senior Vice President |
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Signatures
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/s/ Danny Fiore, attorney-in-fact | | 2/9/2022 |
**Signature of Reporting Person | Date |
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