Prudential (NYSE: PFH) director gets 1,754 deferred RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TODMAN MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Prudential Financial director Michael Todman reported an equity grant of 1,754 restricted stock units (RSUs) tied to the company’s common stock. The RSUs were awarded at no cash cost and represent a contingent right to receive one share of PRU common stock, or its economic equivalent, for each unit.
The RSUs vest at the earlier of the next annual shareholder meeting or one year on May 12, 2027. Payment in shares or cash will generally occur upon or after Todman’s termination of service as a director, unless he elects an earlier payout date under Prudential’s 2011 Deferred Compensation Plan for Non-Employee Directors. Following this grant, he holds 1,754 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TODMAN MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Restricted Stock Units | 1,754 | $0.00 | -- |
Holdings After Transaction:
2026 Restricted Stock Units — 1,754 shares (Direct, null)
Footnotes (1)
- 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. 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
RSUs granted: 1,754 units
Underlying common stock: 1,754 shares
Transaction price per RSU: $0.0000 per unit
+2 more
5 metrics
RSUs granted
1,754 units
Restricted Stock Units awarded on May 12, 2026
Underlying common stock
1,754 shares
Each RSU corresponds to one share of common stock
Transaction price per RSU
$0.0000 per unit
Equity grant, no cash paid by director
Total RSUs after grant
1,754 units
Holdings following the reported transaction
Vesting date
May 12, 2027
Earlier of annual meeting or one year on May 12, 2027
Key Terms
restricted stock unit, economic equivalent, Deferred Compensation Plan, vest, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of PRU common stock"
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"
Deferred Compensation Plan financial
"Prudential Financial, Inc. 2011 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.
vest financial
"The restricted stock units vest the earlier of the annual meeting or in one year on May 12, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
termination of service financial
"become payable ... upon or following the reporting person's termination of service as a Director"
FAQ
What did Prudential Financial (PFH) director Michael Todman report on this Form 4?
Michael Todman reported receiving 1,754 restricted stock units as an equity award. Each unit is linked to one share of Prudential common stock or its economic equivalent under the company’s non-employee director deferred compensation plan.
How many restricted stock units did Michael Todman receive from Prudential Financial (PFH)?
He received 1,754 restricted stock units in this reported transaction. These RSUs increase his direct holdings to 1,754 units and are part of his compensation as a non-employee director under Prudential’s 2011 Deferred Compensation Plan.
When do Michael Todman’s Prudential Financial (PFH) restricted stock units vest?
The RSUs vest at the earlier of the next annual shareholder meeting or one year on May 12, 2027. Vesting means they become earned, though payout in stock or cash will occur later under plan rules.
Can Michael Todman choose between stock and cash for his Prudential Financial (PFH) RSUs?
Yes. Each restricted stock unit can be settled in one share of Prudential common stock or the economic equivalent in cash. The choice is made in line with elections allowed under the 2011 Deferred Compensation Plan for Non-Employee Directors.
How many Prudential Financial (PFH) RSUs does Michael Todman hold after this grant?
After this grant, Todman directly holds 1,754 restricted stock units. This figure reflects the total units reported following the transaction and indicates his current RSU-based deferred equity interest as a director.