CASELLAS GILBERT F 4
4 · PRUDENTIAL FINANCIAL INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Prudential (PRU) Director Gilbert F. Casellas Receives 666-Share Award
What Happened
Gilbert F. Casellas, a member of the board of directors of Prudential Financial, received derivative awards on March 12, 2026: 640 notional/deferred stock units and 26 restricted stock units. Both awards are reported at $92.34 per share, valued at $59,098 and $2,401 respectively, for a combined reported value of $61,499. These were grants/awards (code A) — not open-market purchases or sales — and represent rights to future share value rather than immediate common-stock transfers.
Key Details
- Transaction date: 2026-03-12; Price per share used for reporting: $92.34.
- Grants: 640 deferred stock units (reported value $59,098) and 26 restricted stock units (reported value $2,401).
- Total reported value: $61,499.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- Deferred stock units (notional shares) entitle the holder to one share of common stock or economic equivalent under the issuer’s deferred compensation plan for non-employee directors (F1, F2).
- Restricted stock units represent a contingent right to receive one share each; they vest the earlier of the annual meeting or May 13, 2026 (F3, F4).
- Filing: Form 4 filed 2026-03-16 for a 2026-03-12 transaction — appears to have been filed within the SEC’s two-business-day window.
Context
These awards are compensation-related derivative grants to a non-employee director (deferred stock units and RSUs). Deferred stock units are paid out later as shares or cash per the director’s election and timing rules; RSUs convert to actual shares (or equivalent value) upon vesting. Such grants are routine director compensation and do not, by themselves, indicate buying or selling sentiment.
Insider Transaction Report
- Award
Notional Shares - Mandatory
[F1][F2]2026-03-12$92.34/sh+640$59,098→ 42,880 totalExercise: $0.00→ Common Stock (640 underlying) - Award
2025 Restricted Stock Units
[F3][F4]2026-03-12$92.34/sh+26$2,401→ 1,765 totalExercise: $0.00→ Common Stock (26 underlying)
Footnotes (4)
- [F1]Each notional share - mandatory represents a deferred stock unit and entitles the holder thereof with the right to receive one share of Issuer common stock or the economic equivalent under the Issuer's deferred compensation plan for non-employee directors.
- [F2]Such shares are issuable, at the election of the reporting person, to begin on either (i) a date prior to the reporting person's retirement date, provided that such date is no earlier than the January 1 in the year following the plan period during which such fees would otherwise have been payable to the reporting person, (ii) within 90 days following the reporting person's retirement date, or (iii) such later date as selected by the reporting person, provided however, that payment must commence in the year the reporting person attains age 70 1/2.
- [F3]Each restricted stock unit represents a contingent right to receive one share of PRU common stock.
- [F4]The restricted stock units vest the earlier of the annual meeting or in one year on May 13, 2026.