Durant Gregory T. - 04 Oct 2021 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Role
Director
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Issuer symbol
JXN
Transactions as of
04 Oct 2021
Net transactions value
$0
Form type
4
Filing time
06 Oct 2021, 21:19:56 UTC
Previous filing
21 Sep 2021
Next filing
13 Dec 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JXN Restricted Share Units Award $0 +5,626 $0.000000 5,626 04 Oct 2021 Common Stock 5,626 Direct F1
transaction JXN Restricted Share Units Award $0 +4,023 $0.000000 4,023 04 Oct 2021 Common Stock 4,023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired Jackson Financial Inc. (JFI) Restricted Share Units (RSUs) pursuant to the Jackson Financial Inc. 2021 Omnibus Incentive Plan, which was approved by shareholders on April 21, 2021. The Director Founder's Award was approved by the JFI Board of Directors' Compensation Committee on September 20, 2021. The RSUs vest over two years in two equal installments. The first half shall vest on the one-year anniversary of the Grant Date on October 4, 2022, and the remaining half shall vest on the second anniversary of the Grant Date on October 4, 2023, subject to Mr. Durant's continued service through such dates. The RSUs may be paid out in either shares, or cash equal to the Fair Market Value of one share of common stock.
F2 As part of annual director compensation for the service period September 13, 2021 - May 31, 2022, participant elected to receive the equity component in restricted share units (RSUs). The RSUs fully vest on the first anniversary of the Grant Date on October 4, 2022, subject to the Director's continued service through such date. RSUs shall be paid out in shares (1 RSU for 1 share of common stock).

Remarks:

Power of Attorney on file.