Prudential director granted deferred stock units
A Prudential Financial Inc non-employee director received deferred stock unit and restricted stock unit awards linked to PFH common stock as part of board compensation.
Rhea-AI Filing Summary
PRUDENTIAL FINANCIAL INC (symbol: PFH) is the issuer of record for a Form 4 filing submitted to the SEC. TODMAN MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Prudential Financial Inc (PFH) reported that director Michael Todman received equity-based awards tied to the company’s common stock. On September 10, 2026, he was granted 155 notional mandatory deferred stock units, 151 notional optional deferred stock units, and 21 restricted stock units, each corresponding to one share of common stock or its cash value under director compensation plans.
These awards are deferred: the notional units are payable in stock or cash at dates elected under the non-employee directors’ deferred compensation plan, and the restricted stock units vest by the earlier of the 2027 annual meeting or May 12, 2027 and are deferred until his retirement from the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 327 shares
Grant/Award
3 txns
Insider
TODMAN MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Notional Shares - Mandatory F1, F2 | 155 | $118.48 | $18K |
| Grant/Award | Notional Shares - Optional F3, F4 | 151 | $118.48 | $18K |
| Grant/Award | 2026 Restricted Stock Units F5, F6 | 21 | $118.48 | $2K |
Holdings After Transaction:
Notional Shares - Mandatory — 13,334 contracts (Direct);
Notional Shares - Optional — 12,943 contracts (Direct);
2026 Restricted Stock Units — 1,798 contracts (Direct)
Footnotes (6)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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 her 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.
- F5. 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.
- F6. The restricted stock units vest the earlier of the annual meeting or in one year on May 12, 2027 and were deferred until retirement from the Board under the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors.
Key Figures
Mandatory notional deferred stock units granted: 155 units
Optional notional deferred stock units granted: 151 units
2026 restricted stock units granted: 21 units
+4 more
7 metrics
Mandatory notional deferred stock units granted
155 units
Grant to Michael Todman on September 10, 2026
Optional notional deferred stock units granted
151 units
Grant to Michael Todman on September 10, 2026
2026 restricted stock units granted
21 units
Grant to Michael Todman on September 10, 2026
Reference grant value per unit
$118.48 per unit
Reported transaction price per share for all three derivative grants
Mandatory notional units held after grant
13,334 units
Total notional mandatory deferred stock units following the September 10, 2026 grant
Optional notional units held after grant
12,943 units
Total notional optional deferred stock units following the September 10, 2026 grant
Restricted stock units held after grant
1,798 units
Total 2026 restricted stock units following the September 10, 2026 grant
Key Terms
deferred compensation plan, deferred stock unit, restricted stock unit, economic equivalent
4 terms
deferred compensation plan financial
"under the Issuer's deferred compensation plan for non-employee directors"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
deferred stock unit financial
"represents a deferred stock unit and entitles the holder"
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
restricted stock unit financial
"Each restricted stock unit represents a contingent right"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
economic equivalent financial
"one share of PRU common stock or the economic equivalent thereof"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did director Michael Todman acquire in this Form 4 for PFH?
Michael Todman acquired 155 notional mandatory deferred stock units, 151 notional optional deferred stock units, and 21 restricted stock units on September 10, 2026, each representing the right to receive one share of Prudential Financial common stock or its cash value.
When do Michael Todman’s 2026 restricted stock units for PFH vest?
The 2026 restricted stock units vest at the earlier of the annual meeting or one year on May 12, 2027, and have been deferred until his retirement from the board under Prudential Financial’s 2011 Deferred Compensation Plan for Non-Employee Directors.
What do the 2026 restricted stock units for PFH entitle the director to receive?
Each restricted stock unit represents a contingent right to receive one share of Prudential Financial common stock or the economic equivalent in cash, payable upon or after the director’s termination of service unless an earlier date is elected under the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
