Pianalto Sandra 4
4 · PRUDENTIAL FINANCIAL INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Prudential (PRU) Director Sandra Pianalto Receives Deferred Stock Units
What Happened
- Sandra Pianalto, a member of Prudential Financial's board, was granted a total of 371 derivative awards (deferred stock units) on March 12, 2026. The awards break down as 267 units @ $92.34 ($24,655), 78 units @ $92.34 ($7,203), and 26 units @ $92.34 ($2,401), for a combined notional value of about $34,259.
- These transactions are coded "A" (award/grant) and represent rights to receive PRU common stock (or in some cases cash) in the future rather than immediate open‑market purchases.
Key Details
- Transaction date and price: Mar 12, 2026 — 267 @ $92.34; 78 @ $92.34; 26 @ $92.34.
- Total units granted: 371 deferred stock units; total notional value ≈ $34,259 (based on $92.34/share).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes (summary):
- F1/F3: Awards include "notional shares" (mandatory and optional) that are deferred stock units entitling the holder to one share per unit (or cash value) under the non‑employee director deferred compensation plan.
- F2/F4: Payment timing is elective — payments may begin prior to retirement (with limits), within 90 days after retirement, or at a later elected date; optional units may be converted to an alternative investment under plan rules and generally have a minimum deferral period.
- F5/F6: Some awards are restricted stock units that vest the earlier of the next annual meeting or May 13, 2026 and were deferred until retirement under the plan.
- Timeliness: Form 4 filed Mar 16, 2026 reporting a Mar 12, 2026 transaction; this filing date is consistent with the standard two‑business‑day Form 4 reporting window.
Context
- These are deferred compensation awards (derivative securities) and do not represent immediate delivery of common stock; they create a future right to receive shares or cash per the plan terms.
- Awards to non‑employee directors are common as part of board compensation and are generally considered routine. They should not be interpreted as an immediate buy or sell signal.
Insider Transaction Report
Form 4
Pianalto Sandra
Director
Transactions
- Award
Notional Shares - Mandatory
[F1][F2]2026-03-12$92.34/sh+267$24,655→ 17,943 totalExercise: $0.00→ Common Stock (267 underlying) - Award
Notional Shares - Optional
[F3][F4]2026-03-12$92.34/sh+78$7,203→ 5,285 totalExercise: $0.00→ Common Stock (78 underlying) - Award
2025 Restricted Stock Units
[F5][F6]2026-03-12$92.34/sh+26$2,401→ 1,765 totalExercise: $0.00→ Common Stock (26 underlying)
Footnotes (6)
- [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 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 notional share - optional represents a deferred stock unit and entitles the holder thereof with the right to receive one share of Issuer common stock or the cash value thereof under the Issuer's deferred compensation plan for non-employee directors.
- [F4]Such shares are payable in common stock or cash, at the election of the reporting person, with payment to begin, at the election of the reporting person provided that such date shall be at least two (2) years after the end of the plan year with respect to which such elective deferrals relate. The reporting person may transfer his investment in the notional shares - optional to an alternative investment account, subject to the terms of the Issuer's deferred compensation plan for non-employee directors.
- [F5]Each restricted stock unit represents a contingent right to receive one share of PRU common stock.
- [F6]The restricted stock units vest the earlier of the annual meeting or in one year on May 13, 2026 and were deferred until retirement from the Board under the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors.
Signature
/s/ Danny Fiore, attorney-in-fact|2026-03-16