Prudential Financial (NYSE: PFH) grants 52,838 performance shares to EVP
Rhea-AI Filing Summary
Prudential Financial Executive Vice President Caroline Feeney reported equity compensation grants and related share movements. She received awards of 17,613 2026 Restricted Stock Units and 52,838 2026 Performance Shares, each convertible into common stock on a 1-to-1 basis. The RSUs vest in three equal annual installments beginning in February 2027, while the performance share amount is a target that will be finalized in February 2029 based on return on equity and growth in adjusted book value per share over the 2026–2028 period. A 2023 performance share award of 26,872 units was converted into common stock, and 12,122 shares were withheld at $102.20 per share to cover tax obligations. After these transactions, she directly holds 65,124.53 common shares and indirectly holds 8,809 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,606 shares
Net Buy
6 txns
Insider
Feeney Caroline
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Restricted Stock Units | 17,613 | $0.00 | $0.00 |
| Grant/Award | 2026 Performance Shares | 52,838 | $0.00 | $0.00 |
| Exercise | 2023 Performance Shares | 26,872 | $0.00 | $0.00 |
| Exercise | Common Stock | 23,728 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,122 | $102.20 | $1.24M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 Restricted Stock Units — 17,613 shares (Direct);
2026 Performance Shares — 52,838 shares (Direct);
2023 Performance Shares — 0 shares (Direct);
Common Stock — 65,124.53 shares (Direct);
Common Stock — 8,809 shares (Indirect, By 401(k))
Footnotes (6)
- F1. The Compensation and Human Capital Committee determined the number of shares received based on the Company's return on equity ("ROE") performance relative to the ROE performance of a performance peer group of companies and performance relative to a pre-determined goal for growth in adjusted book value per share for the 2023 through 2025 performance period.
- F2. Represents shares withheld for the payment of taxes.
- F3. The Restricted Stock Units convert to common stock on a 1 to 1 basis.
- F4. The Restricted Stock Units will vest 1/3 per year beginning in February 2027.
- F5. The performance shares convert to common stock on a 1 to 1 basis.
- F6. Represents the target number of shares to be received. The actual number of shares to be received will be determined by the Compensation and Human Capital Committee in February 2029 based on the Company's ROE performance relative to a performance peer group of companies and performance relative to a pre-determined goal for growth in adjusted book value per share for the 2026 through 2028 performance period.
Key Figures
2026 Restricted Stock Units granted: 17,613 shares
2026 Performance Shares granted (target): 52,838 shares
2023 Performance Shares converted: 26,872 shares
+5 more
8 metrics
2026 Restricted Stock Units granted
17,613 shares
Grant of 2026 Restricted Stock Units convertible 1-to-1 into common stock
2026 Performance Shares granted (target)
52,838 shares
Target number of 2026 Performance Shares subject to performance over 2026–2028
2023 Performance Shares converted
26,872 shares
2023 Performance Shares exercised/converted into common stock
Common shares from exercise entry
23,728 shares
Non-derivative common stock reported in connection with derivative exercise
Shares withheld for taxes
12,122 shares
Common shares withheld at $102.20 per share to satisfy tax obligations
Tax withholding price
$102.20 per share
Per-share value used for tax-withholding disposition of 12,122 shares
Direct common stock holding
65,124.53 shares
Direct common stock position after reported transactions
Indirect 401(k) holding
8,809 shares
Common shares held indirectly through a 401(k) plan
Key Terms
Restricted Stock Units, Performance shares, return on equity, adjusted book value per share
4 terms
Restricted Stock Units financial
"The Restricted Stock Units convert to common stock on a 1 to 1 basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
return on equity financial
"based on the Company's return on equity performance relative to a peer group"
Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock awards did PFH's Caroline Feeney receive on February 9, 2026?
Caroline Feeney received 17,613 2026 Restricted Stock Units and 52,838 2026 Performance Shares, each convertible 1-to-1 into common stock. The RSUs vest over three years from February 2027, while the performance shares are performance-based and settled in February 2029.