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Andrew F. Sullivan, Executive Vice President at Prudential Financial Inc. (NYSE:PRU), recently sold 6,000 shares of the company’s common stock. The transaction, reported on March 12, 2025, was executed at a price of $105.98 per share, totaling approximately $635,880. The sale comes as Prudential (LON:PRU), with a market capitalization of $38.26 billion, trades near its 52-week low of $104.44. InvestingPro data shows the stock is currently in oversold territory, while maintaining its impressive 16-year streak of consecutive dividend increases.
Following this sale, Sullivan holds 27,072 shares directly and an additional 425 shares through a 401(k) account. Additionally, he has 6,956 vested stock options, 23,106 restricted stock units, 9,330 deferred compensation shares, and 105,402 target performance shares, which are contingent on meeting specific performance goals. For comprehensive insider trading analysis and more exclusive insights, access the detailed Pro Research Report available on InvestingPro.
In other recent news, Prudential Financial has announced several developments impacting its operations and governance. Prudential disclosed in a recent 8-K filing that Kathleen A. Murphy, a board member, will not seek reelection at the upcoming annual shareholders’ meeting in May 2025 due to other professional commitments. Additionally, the company has appointed Vicki Walia as the new Chief People Officer, set to start on March 31, 2025, following the retirement of Lucien Alziari. Prudential has also introduced OneLeave, a program designed to streamline absence and disability management, offering a unified system for handling workplace leaves. Furthermore, the company has enhanced its benefits offerings by adopting Workday (NASDAQ:WDAY) Wellness, an AI-powered tool aimed at improving the employee benefits experience for its Group Insurance clients. In a strategic move to align leadership incentives with company performance, Prudential has updated its executive compensation programs, effective for 2025 awards based on 2024 performance. These changes, detailed in another 8-K filing, include revisions to the Annual and Long-Term Incentive Programs. These recent developments reflect Prudential’s ongoing efforts to optimize its operations and strengthen its leadership team.
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