Prudential Financial (NYSE: PFH) executive reports RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prudential Financial Inc. senior vice president Timothy L. Schmidt reported multiple equity award events on common stock dated February 28, 2026. Previously granted 2023, 2024, and 2025 Restricted Stock Units vested and converted into common stock on a 1-to-1 basis, increasing his direct holdings.
Some of the newly delivered shares were automatically withheld to pay taxes, which is reflected as dispositions rather than open-market sales. After these vesting and tax-withholding transactions, he directly held 20,309 shares of common stock and indirectly held 310 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,779 shares exercised/converted
Mixed
10 txns
Insider
SCHMIDT TIMOTHY L
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Restricted Stock Units | 1,647 | $0.00 | -- |
| Exercise | 2024 Restricted Stock Units | 1,616 | $0.00 | -- |
| Exercise | 2025 Restricted Stock Units | 1,516 | $0.00 | -- |
| Exercise | Common Stock | 1,647 | $0.00 | -- |
| Tax Withholding | Common Stock | 788 | $98.38 | $78K |
| Exercise | Common Stock | 1,616 | $0.00 | -- |
| Tax Withholding | Common Stock | 773 | $98.38 | $76K |
| Exercise | Common Stock | 1,516 | $0.00 | -- |
| Tax Withholding | Common Stock | 724 | $98.38 | $71K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2023 Restricted Stock Units — 0 shares (Direct);
2024 Restricted Stock Units — 1,616 shares (Direct);
2025 Restricted Stock Units — 3,034 shares (Direct);
Common Stock — 19,462 shares (Direct);
Common Stock — 310 shares (Indirect, By 401(k))
Footnotes (1)
- Represents the vesting of previously awarded restricted stock units. Represents shares withheld for the payment of taxes. 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 the last day of February 2024. The Restricted Stock Units will vest 1/3 per year beginning the last day of February 2025. The Restricted Stock Units will vest 1/3 per year beginning the last day of February 2026.
FAQ
What did Prudential Financial (PFH) disclose in this Form 4 for Timothy L. Schmidt?
The filing shows Timothy L. Schmidt had several restricted stock unit awards vest and convert into common stock. Some of the resulting shares were automatically withheld to cover tax obligations, and his updated direct and indirect common stock holdings were reported.
Were the Prudential Financial (PFH) transactions by Timothy L. Schmidt open-market buys or sells?
No open-market buys or sells are reported. The transactions mainly reflect restricted stock units vesting and converting into common shares, plus shares withheld to pay taxes, which appear as dispositions but are not discretionary market sales.
What do the restricted stock unit footnotes mean in the Prudential Financial (PFH) Form 4?
The footnotes explain that the reported events represent vesting of previously awarded restricted stock units, which convert to common stock on a 1-to-1 basis. They also note that some shares were withheld specifically to satisfy tax liabilities tied to these awards.