Steven A. Kandarian - Oct 4, 2021 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Role: Director
Signature: /s/ Kristan L. Richardson, as Attorney-in-Fact
Stock symbol: JXN
Transactions as of: Oct 4, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/6/2021, 09:20 PM
Previous filing: Aug 6, 2021
Next filing: Dec 13, 2021

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	+45K		$0.00	45K	Oct 4, 2021	Common Stock	45K		Direct	F1
transaction	JXN	Restricted Share Units	Award	$0	+12.4K		$0.00	12.4K	Oct 4, 2021	Common Stock	12.4K		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 JFI's Board of Directors' Compensation Committee on September 20, 2021. The RSUs vest over three years in equal installments with the first third vesting on the one-year anniversary of the Grant Date on October 4, 2022, the next third vesting on the two-year anniversary of the Grant Date on October 4, 2023, and the remaining third vest on the third anniversary of the Grant Date on October 4, 2024, subject to Mr. Kandarian'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).

Content

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 JFI's Board of Directors' Compensation Committee on September 20, 2021. The RSUs vest over three years in equal installments with the first third vesting on the one-year anniversary of the Grant Date on October 4, 2022, the next third vesting on the two-year anniversary of the Grant Date on October 4, 2023, and the remaining third vest on the third anniversary of the Grant Date on October 4, 2024, subject to Mr. Kandarian'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.

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.