Mark D. Nerud - Feb 2, 2022 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Stock symbol
JXN
Transactions as of
Feb 2, 2022
Transactions value $
$0
Form type
4
Date filed
3/14/2022, 08:13 PM
Previous filing
Dec 13, 2021
Next filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Common Stock Award $0 +20.7K +127.7% $0.00 36.8K Feb 2, 2022 Direct F3
transaction JXN Common Stock Award $0 +9.97K +27.06% $0.00 46.8K Mar 10, 2022 Direct F4
holding JXN Common Stock 14.3K Feb 2, 2022 Direct F1
holding JXN Common Stock 16.2K Feb 2, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Previously reported (on Table II) Annual Award of 12,003 Restricted Share Units (RSUs) granted on October 4, 2021. These RSUs vest over 30 months in three 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 April 4, 2024, subject to continued employment through such dates. The total number of RSUs also reflects the previously reported acquisition on December 9, 2021 of dividend equivalents in the form of 158.56 RSUs, which are subject to the same terms and conditions as the underlying equity.
F2 Previously reported (on Table II) Celebration Award of 1,875 Restricted Share Units (RSUs) granted on October 4, 2021. These RSUs fully vest on the one-year anniversary of the grant date, October 4, 2022, subject to continued employment through such date. The number of RSUs also reflects the previously reported acquisition on December 9, 2021 of dividend equivalents in the form of 24.77 RSUs, which are subject to the same terms and conditions as the underlying equity.
F3 In 2019, Mr. Nerud received from our former parent, Prudential, plc, 17,105 Performance Share Units ("PSUs"), which were converted into PSUs of Jackson Financial Inc. on September 13, 2021. Column 4 reflects the number of shares of common stock "earned" based on achievement of performance metrics for the period January 1, 2019 through December 31, 2021. The shares will not vest, or be delivered to Mr. Nerud, until April 2, 2022, so long as Mr. Nerud remains employed through such date.
F4 The 2022 Annual Restricted Share Unit Award was granted on March 10, 2022. The Restricted Share Units ("RSUs") vest over three years in equal installments, where the first third vests on the one-year anniversary of the grant date, March 10, 2023, the next third vests on the two-year anniversary of the grant date, March 10, 2024, and the remaining third vests on the three-year anniversary of the grant date, March 10, 2025.

Remarks:

Power of Attorney on file.