Form 4: Prudential Financial Inc. Senior Vice President Timothy L. Schmidt Reports Sale of Common Stock

Senior Vice President Timothy L. Schmidt of Prudential Financial Inc. reports the sale of 5,189 shares of common stock at an average price of $116.58.

Summary

• On May 8, 2024, Timothy L. Schmidt, a Senior Vice President at Prudential Financial Inc., sold 5,189 shares of common stock.
• The shares were sold at a weighted average price of $116.58, with individual transaction prices ranging from $116.58 to $116.61.
• Following the transaction, Mr. Schmidt directly owns 12,236 shares and indirectly owns 283 shares through a 401(k) account.
• Mr. Schmidt also holds 14,905 vested stock options, 9,542 restricted stock units, and 32,640 target performance shares.
• An additional 3 shares of Issuer common stock were acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2023 and March 31, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when an officer of a publicly traded company buys or sells shares in their company. It provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by a company executive can sometimes be perceived negatively by shareholders, but in this case, the amount is relatively small and may not have a significant impact.

Key Dates