Prudential Financial Announces Board and Officer Changes
Ticker: PRS · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1137774
| Field | Detail |
|---|---|
| Company | Prudential Financial Inc (PRS) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1,000,000, $3,000,000, $2,000,000, $6,000,000, $1,200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-appointments, board-of-directors
Related Tickers: PRU
TL;DR
Prudential Financial (PRU) filed an 8-K on Dec 3, 2024, announcing board and executive officer changes.
AI Summary
On December 3, 2024, Prudential Financial, Inc. filed an 8-K report detailing changes in its board of directors and executive officers. The filing includes information on the election of new directors and the appointment of certain officers, as well as details regarding compensatory arrangements for these individuals. The report also covers Regulation FD disclosures and financial statements and exhibits.
Why It Matters
Changes in a company's board and executive leadership can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive appointments, which typically carry low inherent risk.
Key Players & Entities
- Prudential Financial, Inc. (company) — Registrant
- December 3, 2024 (date) — Date of earliest event reported
FAQ
What specific items are covered under Item 5.02 of the 8-K filing?
Item 5.02 covers the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
What is the filing date for this 8-K report?
The filing date for this 8-K report is December 3, 2024.
What is the Commission File Number for Prudential Financial, Inc.?
The Commission File Number for Prudential Financial, Inc. is 001-16707.
In which state was Prudential Financial, Inc. incorporated?
Prudential Financial, Inc. was incorporated in New Jersey.
What is the Standard Industrial Classification code for Prudential Financial, Inc.?
The Standard Industrial Classification code for Prudential Financial, Inc. is LIFE INSURANCE [6311].
Filing Stats: 799 words · 3 min read · ~3 pages · Grade level 9.6 · Accepted 2024-12-03 16:44:01
Key Financial Figures
- $1,000,000 — 1, 2025, set (1) Mr. Lowrey's salary at $1,000,000 per year; (2) his target annual incenti
- $3,000,000 — his target annual incentive for 2025 at $3,000,000; and (3) his target long-term incentive
- $2,000,000 — annual grants made in February 2026, at $2,000,000, for an annual target total compensatio
- $6,000,000 — an annual target total compensation of $6,000,000. Mr. Sullivan . Effective March 31, 2
- $1,200,000 — 2025, set (1) Mr. Sullivan's salary at $1,200,000 per year; (2) his target annual incenti
- $4,400,000 — his target annual incentive for 2025 at $4,400,000; and (3) his target long-term incentive
- $13,200,000 — annual grants made in February 2026, at $13,200,000, for an annual target total compensatio
- $18,800,000 — an annual target total compensation of $18,800,000. Ms. Feeney . Effective March 31, 202
- $950,000 — 1, 2025, set (1) Ms. Feeney's salary at $950,000 per year; (2) her target annual incenti
- $2,850,000 — her target annual incentive for 2025 at $2,850,000; and (3) her target long-term incentive
- $7,200,000 — annual grants made in February 2026, at $7,200,000, for an annual target total compensatio
- $11,000,000 — an annual target total compensation of $11,000,000. Following his retirement, Mr. Falzon
Filing Documents
- d908564d8k.htm (8-K) — 32KB
- d908564dex991.htm (EX-99.1) — 10KB
- g9085647891.jpg (GRAPHIC) — 25KB
- 0001193125-24-269980.txt ( ) — 245KB
- pru-20241203.xsd (EX-101.SCH) — 4KB
- pru-20241203_def.xml (EX-101.DEF) — 14KB
- pru-20241203_lab.xml (EX-101.LAB) — 23KB
- pru-20241203_pre.xml (EX-101.PRE) — 15KB
- d908564d8k_htm.xml (XML) — 8KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 News release of Prudential Financial, Inc. dated December 3, 2024, (furnished and not filed). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 3, 2024 PRUDENTIAL FINANCIAL, INC. By: /s/ Brian P. Spitser Name: Brian P. Spitser Title: Vice President and Assistant Secretary