secwatch.observer — SEC 8-K summary
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Issuer:     PRUDENTIAL FINANCIAL INC (PRU)
CIK:        0001137774
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001193125-24-269980
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prudential appoints Andrew Sullivan as CEO effective March 31, 2025; Lowrey becomes Executive Chairman
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- Andrew Sullivan, currently EVP International & Global Investment Mgmt, named CEO effective March 31, 2025.
- Charles Lowrey transitions to Executive Chairman for 18 months; target comp $6M (salary $1M, incentive $3M, LTI $2M).
- Caroline Feeney promoted to Global Head of Insurance and Retirement overseeing US & international businesses.
- Vice Chair Robert Falzon to retire effective July 11, 2025 after 42 years.
- Sullivan's target total compensation set at $18.8M ($1.2M salary, $13.2M LTI).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137774/000119312524269980/0001193125-24-269980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137774/000119312524269980/d908564d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-269980

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer