Steven A. Kandarian - Dec 9, 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
Dec 9, 2021
Transactions value $
$28,694
Form type
4
Date filed
12/13/2021, 04:27 PM
Previous filing
Oct 6, 2021
Next filing
Jan 4, 2022

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 $22.5K +595 $37.85 595 Dec 9, 2021 Common Stock 595 Direct F2, F3
transaction JXN Restricted Share Units Award $0 +12.4K $0.00 12.4K Oct 4, 2021 Common Stock 12.4K Direct F4
transaction JXN Restricted Share Units Award $6.19K +164 $37.85 164 Dec 9, 2021 Common Stock 164 Direct F2, F5
* 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, October 4, 2022, the next third vesting on the two-year anniversary of the Grant Date, October 4, 2023, and the remaining third vesting on the third anniversary of the Grant Date, October 4, 2024, subject to Mr. Kandarian's continued service through such dates.
F2 Acquired Restricted Share Units due to dividend reinvestment pursuant to terms of the Jackson Financial Inc. 2021 Omnibus Incentive Plan.
F3 The Restricted Share Units vest over three years in equal installments with the first third vesting on the one-year anniversary of the Grant Date, October 4, 2022, the next third vesting on the two-year anniversary of the Grant Date, October 4, 2023, and the remaining third vesting on the third anniversary of the Grant Date, October 4, 2024, subject to Mr. Kandarian's continued service through such dates.
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). The RSUs fully vest on the first anniversary of the Grant Date, October 4, 2022, subject to the Director's continued service through such date. RSUs shall be paid out in common stock on a 1-1 basis.
F5 The Restricted Share Units fully vest on the first anniversary of the Grant Date, October 4, 2022, subject to the Director's continued service through such date.

Remarks:

Power of Attorney on file.