Form 4: Prudential Financial Inc. Executive Ann M. Kappler Reports Stock Transactions
SEC Form 4
Ann M. Kappler, EVP and General Counsel of Prudential Financial Inc., reports the exercise of stock options and sale of common stock on February 28, 2024.
Summary
- On February 28, 2024, Ann M. Kappler, EVP and General Counsel of Prudential Financial Inc., exercised stock options to acquire 1,070 shares at $77.15 and 6,941 shares at $63.59.
- She also sold 7,222 shares of common stock at a weighted average price of $108.39.
- Following these transactions, Kappler directly owns 24,381 shares and indirectly owns 798 shares through a 401(k) account.
- Kappler also holds 9,952 vested stock options, 19,254 restricted stock units, and 57,328 target performance shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies.
- Similar filings are made by executives at companies like MetLife, AIG, and Lincoln National, reflecting standard compensation practices and regulatory requirements.
- The details of option grants, vesting schedules, and stock sales are generally aligned with industry norms for executive compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in Kappler's holdings.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 10/13/2015 | Date of Employee Stock Option grant with exercise price of $77.15. |
| 02/09/2016 | Date of Employee Stock Option grant with exercise price of $63.59. |
| 02/28/2024 | Date of transactions: exercising stock options and selling common stock. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
| 10/13/2025 | Expiration date of Employee Stock Option granted on 10/13/2015. |
| 02/09/2026 | Expiration date of Employee Stock Option granted on 02/09/2016. |
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