Russell G. Noles - 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, 09:23 PM
Previous filing
Sep 21, 2021
Next filing
Dec 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Restricted Shares Award $0 +5.63K $0.00 5.63K Oct 4, 2021 Direct F1
transaction JXN Restricted Shares Award $0 +4K +71.12% $0.00 9.63K Oct 4, 2021 Direct F2
transaction JXN Restricted Shares Award $0 +3.75K +38.9% $0.00 13.4K Oct 4, 2021 Direct F3

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 Unit Award $0 +278 $0.00 278 Oct 4, 2021 Common Stock 278 Direct F4
* 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 Shares (RS) 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 Director's Compensation Committee on September 20, 2021. The RS 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. Noles's continued service through such dates. The RSs 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 for the "cash portion" of compensation to receive Restricted Shares, which vest(s) over eight months with three-eighths vesting on December 31, 2021, the next three-eighths vesting on March 31, 2022, and the remaining two-eighths vesting on May 31, 2022, subject to the Director's continued service through such dates.
F3 As part of annual director compensation for the service period September 13, 2021 - May 31, 2022, participant elected to receive Restricted Shares (RS) for service provided from October 1, 2021 - May 31, 2022. The RS fully vests on the first anniversary of the Grant Date on October 4, 2022, subject to the Director's continued service through such date.
F4 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) for the service period September 13, 2021 - September 30, 2021, 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). The RSU fully vests on the first anniversary of the Grant Date on October 4, 2022, subject to the Director's continued service through such date.

Remarks:

Power of Attorney on file.