Paul Chadwick Myers - 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, 08:15 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 +124K +42.99% $0.00 412K Feb 2, 2022 Direct F4
transaction JXN Common Stock Award $0 +55.1K +13.36% $0.00 468K Mar 10, 2022 Direct F5
holding JXN Common Stock 228K Feb 2, 2022 Direct F1
holding JXN Common Stock 283K Feb 2, 2022 Direct F2
holding JXN Common Stock 288K Feb 2, 2022 Direct F3
* 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) as October 4, 2021, acquisition of 185,006 Restricted Share Units ("RSUs") upon the conversion of the unvested Prudential plc Restricted Stock received previously under the 2015 Prudential Restricted Stock Plan, where the total amount of JFI RSUs acquired reflect: (a) JFI shares of common stock received as a demerger dividend plus (b) JFI shares of common stock. The RSUs fully vest on April 9, 2023, subject to continued employment through such date. The total number of RSUs also reflects the previously reported acquisition on December 9, 2021 of dividend equivalents in the form of 2443.94 RSUs, which are subject to the same terms and conditions as the underlying equity.
F2 Previously reported (on Table II) Annual Award of 54,013 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 713.51 RSUs, which are subject to the same terms and conditions as the underlying equity.
F3 Previously reported (on Table II) Celebration Award of 5,626 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 74.32 RSUs, which are subject to the same terms and conditions as the underlying equity.
F4 In 2019, Mr. Myers received from our former parent, Prudential, plc, 102,635 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. Myers, until April 2, 2022, so long as Mr. Myers remains employed through such date.
F5 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.