filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
General
Prudential Financial’s Common Stock trades on the New York Stock Exchange under the symbol “PRU.” On January 31, 2023, there were 1,096,339 registered holders of record for the Common Stock and 366 million shares outstanding.
Issuer Purchases of Equity Securities
(c) The following table provides information about purchases by the Company during the three months ended December 31, 2022, of its Common Stock:
| Period | Total Number of Shares Purchased(1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value of Shares that May Yet Be Purchased under the Program | ||||||||||||||||||||||
| October 1, 2022 through October 31, 2022 | 1,309,560 | $ | 95.95 | 1,302,833 | ||||||||||||||||||||||
| November 1, 2022 through November 30, 2022 | 1,178,286 | $ | 106.32 | 1,175,686 | ||||||||||||||||||||||
| December 1, 2022 through December 31, 2022 | 1,237,783 | $ | 101.25 | 1,234,426 | ||||||||||||||||||||||
| Total | 3,725,629 | $ | 100.99 | 3,712,945 | $ | 0 |
(1)Includes shares of Common Stock withheld from participants for income tax withholding purposes whose shares of restricted stock units vested during the period. Such restricted stock units were originally issued to participants pursuant to the Prudential Financial Inc. Omnibus Incentive Plan.
On February 7, 2023, Prudential Financial’s Board of Directors authorized the Company to repurchase, at management’s discretion, up to $1.0 billion of its outstanding Common Stock during the period from January 1, 2023 through December 31, 2023.
The timing and amount of any share repurchases under the Company’s share repurchase authorization will be determined by management based on market conditions and other considerations, and such repurchases may be executed in the open market, through derivative, accelerated repurchase and other negotiated transactions and through plans designed to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended.
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