A newly filed STOCK Act disclosure shows Rep. Jefferson Shreve, R-Ind., purchased a significant stake in a Prudential Registered Index Linked Annuity on February 17, 2026. The transaction, reported in a Periodic Transaction Report filed with the U.S. House of Representatives, is listed in the $1,000,001 to $5,000,000 range, one of the broad disclosure bands lawmakers are required to use under the STOCK Act rather than an exact dollar figure.
For readers who track these filings the way people follow a capitol trades app for portfolio moves by members like Nancy Pelosi or Tommy Tuberville, this one stands out for its structure. Rather than a stock or fund purchase, the asset is a Prudential RILA product described specifically as a ‘10% Buffer 3-year S&P 500 Index [VA]’ annuity, a financial vehicle tied to index performance but built with downside protection features.
What the Filing Shows
According to the disclosure, the transaction was a purchase made directly by Shreve, not through a spouse or dependent. The holding is classified in our system as a congress buy, reflecting an increase in the member’s position rather than a sale or exchange out of an asset. The report identifies the account type as a Registered Index Linked Annuity, commonly known as a RILA, which is a type of variable annuity contract offered by insurers like Prudential.
Notably, Shreve’s own filing description characterizes the move as a ‘Buffered Indexed Annuity Exchange.’ That phrasing suggests the transaction may reflect a repositioning within an annuity structure rather than a fresh cash purchase into the market, though the report itself does not provide further detail on what, if anything, was exchanged out.
How RILA Products Work
A Registered Index Linked Annuity like this one typically ties returns to the performance of an index, in this case the S&P 500, over a set period, here three years, while offering a stated buffer, 10 percent, against losses within that range. These products are often used for retirement planning purposes and are sold through insurance carriers rather than traditional brokerage accounts, which is consistent with the ‘Held through’ designation of RILA listed in the filing.
As with all Periodic Transaction Reports, this disclosure is a legal requirement under the STOCK Act, designed to create a public record of financial transactions by members of Congress and their immediate family. The filing does not indicate any wrongdoing, and the information here reflects only what was reported. WhoIsBuyingNow.com will continue tracking future disclosures tied to Rep. Shreve’s holdings as they are filed.