EVP Falzon sells 52,737 PRU shares for $6.8M at $128.26; holds 210,031 post-sale. Prior two sells at this ticker both well-timed.
Robert Falzon, EVP and Vice Chairman of Prudential Financial, executed 2 separate sales totaling 52,737 shares for $6,764,047.62 on 2024-11-06, reducing his holdings by -20.1%. The transactions occurred at $128.26 per share, which was near the 52-week high of $127.82 (within 0.6% of the peak). His prior trade history at PRU is notable: both of his previous sales on 2024-05-13 were well-timed, with negative 90-day returns of -7.7% following those sales. This filing suggests a pattern of selling before subsequent declines. The current stock price of $121.89 is -4.6% from the 52-week high, consistent with the post-sale decline pattern observed in his prior PRU transactions. Company fundamentals show annual revenue contraction of -10.1% year-over-year, which may provide context for insider disposition at a near-peak valuation.