The company said director Douglas A. Scovanner notified the board that he will not stand for reelection at the annual shareholders meeting to be held on February 19, 2025 May 13, 2025. He will have served on the board for more than 11 years by that time.

1. 01

   The company said director Douglas A. Scovanner notified the board that he will not stand for reelection at the annual shareholders meeting to be held on February 19, 2025 May 13, 2025. He will have served on the board for more than 11 years by that time.

2. 02

   Prudential Financial said Scovanner is leaving the board for personal reasons and not because of any disagreement with the company on matters related to its operations, policies or practices.

3. 03

   Prudential said it appointed Robert Boyle, 59, as Senior Vice President, Controller and Principal Accounting Officer on February 21, 2025. The appointment takes effect on April 7, 2025 and succeeds Robert Axel.

4. 04

   The company said the board set Boyle's salary at $470,000 per year effective April 7, 2025, his target annual incentive for 2025 at $611,000, and his target long-term incentive at $719,000, starting with annual grants made in February 2026. It said this sets his annual target total compensation at $1,800,000.

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