Form 4: Prudential Financial Executive Vice President Lucien Alziari Reports Stock Transactions
SEC Form 4
Executive Vice President Lucien Alziari reports transactions involving Prudential Financial Inc. common stock and restricted stock units.
Summary
- On February 29, 2024, Lucien Alziari, an Executive Vice President at Prudential Financial Inc., engaged in transactions involving the company's common stock and restricted stock units.
- These transactions included the vesting of restricted stock units and the subsequent withholding of shares for tax payments.
- Specifically, 2,303, 1,717, and 2,219 restricted stock units vested, converting into common stock.
- A portion of the vested shares were then used to cover tax obligations, resulting in the disposal of 1,122, 837, and 1,081 shares at a price of $108.99 each.
- Following these transactions, Alziari's direct ownership of Prudential Financial Inc. common stock is 43,429 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Start date for 1/3 per year vesting of 2021 Restricted Stock Units |
| 02/28/2023 | Start date for 1/3 per year vesting of 2022 Restricted Stock Units |
| 02/29/2024 | Transaction date for vesting of restricted stock units and share withholding for taxes. |
| 02/29/2024 | Start date for 1/3 per year vesting of 2023 Restricted Stock Units |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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