[Form 4] Tortoise Energy Infrastructure Corp. Insider Trading Activity
Prudential Financial Inc. reported an indirect purchase of 1,500,000 shares of Series J Mandatory Redeemable Preferred Stock of Tortoise Energy Infrastructure Corp. (TYG) on 08/21/2025 at a reported price of $10.00 per share, resulting in 1,500,000 shares beneficially owned following the transaction. The shares are held indirectly through PRUCO Life Insurance Company, a wholly owned subsidiary of Prudential, and Prudential is disclosed as a ten percent owner of that class. The Form 4 was signed by Richard Baker on 08/25/2025.
Prudential Financial Inc. ha riferito un acquisto indiretto di 1.500.000 azioni della Series J Mandatory Redeemable Preferred Stock di Tortoise Energy Infrastructure Corp. (TYG) in data 21/08/2025 al prezzo dichiarato di $10,00 per azione, portando a 1.500.000 azioni possedute in via beneficiaria dopo l’operazione. Le azioni sono detenute indirettamente tramite PRUCO Life Insurance Company, una controllata interamente posseduta da Prudential, che risulta essere un proprietario del dieci percento di quella classe. Il Modulo 4 è stato firmato da Richard Baker il 25/08/2025.
Prudential Financial Inc. informó la compra indirecta de 1.500.000 acciones de la Series J Mandatory Redeemable Preferred Stock de Tortoise Energy Infrastructure Corp. (TYG) el 21/08/2025 a un precio declarado de $10.00 por acción, resultando en 1.500.000 acciones poseídas de forma beneficiaria tras la transacción. Las acciones se mantienen de forma indirecta a través de PRUCO Life Insurance Company, una subsidiaria propiedad total de Prudential, y Prudential figura como propietario del diez por ciento de esa clase. El Formulario 4 fue firmado por Richard Baker el 25/08/2025.
Prudential Financial Inc.는 2025년 08/21에 Tortoise Energy Infrastructure Corp.(TYG)의 Series J Mandatory Redeemable Preferred Stock 1,500,000주를 간접적으로 취득했다고 보고했으며, 주당 보고가격은 $10.00로 거래 후 총 1,500,000주의 수혜적 소유를 보유하게 되었다. 해당 주식은 Prudential의 전액 출자 자회사인 PRUCO Life Insurance Company를 통해 간접적으로 보유되며, Prudential은 해당 주식군의 10% 소유자로 공시되어 있다. Form 4는 08/25/2025에 Richard Baker가 서명했다.
Prudential Financial Inc. a déclaré un achat indirect de 1 500 000 actions de la Series J Mandatory Redeemable Preferred Stock de Tortoise Energy Infrastructure Corp. (TYG) le 21/08/2025 à un prix déclaré de 10,00 $ par action, portant à 1 500 000 actions détenues à titre bénéficiaire après la transaction. Les actions sont détenues indirectement via PRUCO Life Insurance Company, une filiale en propriété exclusive de Prudential, et Prudential est déclaré comme propriétaire à dix pour cent de cette catégorie. Le formulaire 4 a été signé par Richard Baker le 25/08/2025.
Prudential Financial Inc. meldete am 21.08.2025 den indirekten Erwerb von 1.500.000 Aktien der Series J Mandatory Redeemable Preferred Stock von Tortoise Energy Infrastructure Corp. (TYG) zu einem gemeldeten Preis von $10,00 pro Aktie. Nach der Transaktion hielt das Unternehmen 1.500.000 Aktien wirtschaftlich. Die Aktien werden indirekt über die PRUCO Life Insurance Company, eine hundertprozentige Tochtergesellschaft von Prudential, gehalten, und Prudential wird als Zehn-Prozent-Eigentümer dieser Aktienklasse ausgewiesen. Das Formular 4 wurde am 25.08.2025 von Richard Baker unterzeichnet.
- Institutional acquisition: Indirect purchase of 1,500,000 Series J mandatory redeemable preferred shares at $10.00 per share
- Clear disclosure: Ownership held through PRUCO Life Insurance Company with Prudential identified as the parent and a ten percent owner of the class
- None.
Insights
TL;DR: Institutional parent increased indirect holdings by 1.5M preferred shares at $10, signaling a material position in TYG's preferred class.
The filing documents an indirect acquisition of 1,500,000 Series J mandatory redeemable preferred shares at $10.00 per share through PRUCO Life Insurance Company, increasing Prudential Financial's beneficial ownership to 1,500,000 shares in that class. For investors, this is a clear institutional accumulation in TYG's preferred equity, which may reflect balance-sheet or yield-management objectives rather than common-equity sentiment. The transaction is recorded under Section 16 with appropriate signature and dates; there are no derivative instruments disclosed.
TL;DR: Transaction is properly disclosed and shows indirect ownership via a subsidiary; no governance change or insider compensation issues disclosed.
The Form 4 identifies Prudential Financial as the reporting person and PRUCO Life Insurance Company as the indirect holder, consistent with standard parent-subsidiary reporting. The form checks the reporting person as a director and a ten percent owner of the class, but it does not indicate any change in board composition or control rights. Documentation appears complete for an indirect non-derivative acquisition of preferred stock; no amendments or additional arrangements are noted.
Prudential Financial Inc. ha riferito un acquisto indiretto di 1.500.000 azioni della Series J Mandatory Redeemable Preferred Stock di Tortoise Energy Infrastructure Corp. (TYG) in data 21/08/2025 al prezzo dichiarato di $10,00 per azione, portando a 1.500.000 azioni possedute in via beneficiaria dopo l’operazione. Le azioni sono detenute indirettamente tramite PRUCO Life Insurance Company, una controllata interamente posseduta da Prudential, che risulta essere un proprietario del dieci percento di quella classe. Il Modulo 4 è stato firmato da Richard Baker il 25/08/2025.
Prudential Financial Inc. informó la compra indirecta de 1.500.000 acciones de la Series J Mandatory Redeemable Preferred Stock de Tortoise Energy Infrastructure Corp. (TYG) el 21/08/2025 a un precio declarado de $10.00 por acción, resultando en 1.500.000 acciones poseídas de forma beneficiaria tras la transacción. Las acciones se mantienen de forma indirecta a través de PRUCO Life Insurance Company, una subsidiaria propiedad total de Prudential, y Prudential figura como propietario del diez por ciento de esa clase. El Formulario 4 fue firmado por Richard Baker el 25/08/2025.
Prudential Financial Inc.는 2025년 08/21에 Tortoise Energy Infrastructure Corp.(TYG)의 Series J Mandatory Redeemable Preferred Stock 1,500,000주를 간접적으로 취득했다고 보고했으며, 주당 보고가격은 $10.00로 거래 후 총 1,500,000주의 수혜적 소유를 보유하게 되었다. 해당 주식은 Prudential의 전액 출자 자회사인 PRUCO Life Insurance Company를 통해 간접적으로 보유되며, Prudential은 해당 주식군의 10% 소유자로 공시되어 있다. Form 4는 08/25/2025에 Richard Baker가 서명했다.
Prudential Financial Inc. a déclaré un achat indirect de 1 500 000 actions de la Series J Mandatory Redeemable Preferred Stock de Tortoise Energy Infrastructure Corp. (TYG) le 21/08/2025 à un prix déclaré de 10,00 $ par action, portant à 1 500 000 actions détenues à titre bénéficiaire après la transaction. Les actions sont détenues indirectement via PRUCO Life Insurance Company, une filiale en propriété exclusive de Prudential, et Prudential est déclaré comme propriétaire à dix pour cent de cette catégorie. Le formulaire 4 a été signé par Richard Baker le 25/08/2025.
Prudential Financial Inc. meldete am 21.08.2025 den indirekten Erwerb von 1.500.000 Aktien der Series J Mandatory Redeemable Preferred Stock von Tortoise Energy Infrastructure Corp. (TYG) zu einem gemeldeten Preis von $10,00 pro Aktie. Nach der Transaktion hielt das Unternehmen 1.500.000 Aktien wirtschaftlich. Die Aktien werden indirekt über die PRUCO Life Insurance Company, eine hundertprozentige Tochtergesellschaft von Prudential, gehalten, und Prudential wird als Zehn-Prozent-Eigentümer dieser Aktienklasse ausgewiesen. Das Formular 4 wurde am 25.08.2025 von Richard Baker unterzeichnet.