Stuart Parker

About Stuart Parker

Stuart S. Parker serves as an Interested Director and President of PGIM Global High Yield Fund, Inc. (GHY). He is President, Chief Executive Officer and Officer in Charge of PGIM Investments LLC since January 2012; he previously served as Chief Operating Officer of PGIM Investments from January 2012 to January 2024, and earlier was Executive Vice President at Jennison Associates LLC and Head of Retail Distribution at PGIM Investments (June 2005–December 2011) . Year of birth: 1962; Board service at GHY since January 2015; portfolios overseen across the fund complex: 104 . He is deemed an “Interested Director” under the 1940 Act due to his affiliation with the Manager, PGIM Investments .

Past Roles

External Roles

Fixed Compensation

• Interested Directors do not receive compensation from PGIM Investments–managed funds; the Manager pays all compensation and expenses of officers and employees of the Fund as well as the fees and expenses of all Interested Directors .

Note: Any salary, bonus, or equity compensation for Mr. Parker would be determined and paid by PGIM Investments/Prudential and is not disclosed in GHY’s proxy .

Performance Compensation

• No performance-based compensation (bonus, RSUs/PSUs, options, metrics, vesting) is disclosed at the GHY fund level for Interested Directors or fund officers; GHY does not compensate Interested Directors .

Equity Ownership & Alignment

As of Dec 31, 2024, none of the Independent Directors or their immediate family owned beneficially or of record any securities in an investment adviser or principal underwriter of the Fund (this statement does not cover Interested Directors) .

Employment Terms

• Employment agreements, severance, change-of-control provisions, non-compete/non-solicit, retention bonuses, clawbacks, tax gross-ups: not disclosed by GHY for Interested Directors; the Fund states the Manager pays compensation and Interested Directors’ fees/expenses, implying such terms would be housed with PGIM Investments/Prudential rather than the Fund .
• Section 16(a) compliance: The Fund believes all filing requirements were met for the fiscal year ended July 31, 2024 .

Board Governance

• Independence: Parker is deemed an “Interested Director” due to his PGIM Investments affiliation; he is not an Independent Director .
• Committee memberships: Audit, Nominating & Governance, Dryden Investment, and Compliance Committees are composed of Independent Directors; Parker is not listed as a member of these committees .
• Board leadership: Board is chaired by an Independent Director (Independent Chair: Keith F. Hartstein) .
• Attendance: Board met eight times in fiscal year ended July 31, 2024; each Director then serving attended all Board and applicable committee meetings (100% attendance) .
• Board service history at GHY: Joined Board January 2015 .
• Director share ownership disclosure: For Parker, dollar range in GHY is “None” and aggregate holdings across registered investment companies overseen are “Over $100,000” as of Dec 31, 2024 .

Director Compensation (For Directors)

• Fund pays Independent Directors; Interested Directors (including Parker) and officers do not receive compensation from PGIM Investments–managed funds .
• Independent Director compensation (FY ended Jul 31, 2024): e.g., Hartstein $2,327 from GHY; total compensation from Fund Complex varies by director and portfolios overseen .

Performance & Track Record

• Fund-level performance metrics tied to Parker’s tenure (e.g., TSR, revenue/EBITDA growth at Fund level) are not disclosed in the proxy; board oversight and committee structures are detailed, but no executive pay-for-performance linkage is presented for Interested Directors .

Compensation Peer Group, Consultant Use, Say-on-Pay

• GHY discloses committee structure (Audit, Nominating & Governance, Dryden Investment, Compliance) but does not describe a compensation committee or say-on-pay process for the Fund; Independent Director fees are set and may be deferred; no consultant conflict details or executive peer group disclosed in the proxy .

Past Insider Trading / Selling Pressure

• Section 16(a) filings were timely for FY ended July 31, 2024; the proxy does not provide granular transaction history or vesting calendars; no specific insider selling patterns are disclosed .

Investment Implications

• Alignment: Parker holds no GHY shares as disclosed, and does not receive Fund-paid compensation; his financial alignment is primarily with PGIM Investments/Prudential rather than directly with GHY shareholders .
• Governance mitigants: Board’s Independent Chair and independent committee structure limit potential conflicts from his dual role as Interested Director and President; Parker is not on key committees overseeing audits, governance, compliance, or investment performance .
• Trading signals: With no GHY share ownership disclosed and no Fund-level equity grants/vesting for Interested Directors, there is limited direct insider-selling pressure signal tied to Parker at the Fund level; Section 16 compliance noted .
• Retention risk: Employment terms and severance/change-of-control economics for Parker are not disclosed at the Fund level; his long tenure at PGIM Investments (since 2012) suggests continuity, but compensation and retention levers reside at the Manager, outside Fund disclosures .