Prudential Financial (NYSE: PRU) CEO awarded RSUs and performance shares
Rhea-AI Filing Summary
Prudential Financial Inc.’s Chief Executive Officer Andrew F. Sullivan reported multiple equity compensation transactions dated February 9, 2026. He received a grant of 32,290 2026 Restricted Stock Units and 96,869 2026 Performance Shares, both at $0 per unit, as long‑term incentive awards.
The 2026 RSUs convert into common stock on a 1‑for‑1 basis and vest in three equal annual installments beginning in February 2027. The 2026 Performance Shares also convert 1‑for‑1 into common stock; the 96,869 units represent a target amount, with the actual payout in February 2029 based on return on equity and adjusted book value per share performance for 2026–2028.
Sullivan also exercised 36,313 2023 Performance Shares, which converted into 32,065 shares of common stock, and 14,964 shares were withheld at $102.20 per share to cover taxes. After these transactions, he directly held 44,173 shares of common stock, plus 456 shares held indirectly through a 401(k) plan.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Restricted Stock Units | 32,290 | $0.00 | -- |
| Grant/Award | 2026 Performance Shares | 96,869 | $0.00 | -- |
| Exercise | 2023 Performance Shares | 36,313 | $0.00 | -- |
| Exercise | Common Stock | 32,065 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,964 | $102.20 | $1.53M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. Represents shares withheld for the payment of taxes. Amount reported has been adjusted to include 31 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2024, and December 31, 2025, based on a plan statement dated December 31, 2025. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B). 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 in February 2027. The performance shares convert to common stock on a 1 to 1 basis. 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.
