Prudential Financial, Inc. (NYSE: PRU) has disclosed in a recent filing that its Board of Directors has given the green light for the repurchase of up to $1.0 billion of its outstanding Common Stock. This authorization spans from January 1, 2025, through December 31, 2025.
The specifics of the share repurchases, such as the timing and volume, will be subject to management’s discretion, taking into account market conditions and other related factors. Prudential Financial may conduct these repurchases through various avenues, including open market transactions, derivative approaches, accelerated repurchases, and negotiated deals. Plans have also been set in place to adhere to Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended.
The information shared above was part of the SEC Form 8-K filing submitted by Prudential Financial, Inc. on December 10, 2024.
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This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Prudential Financial’s 8K filing here.
About Prudential Financial
Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.
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