Paul Chadwick Myers - May 13, 2022 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Role
Vice Chair, JHLLC
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Stock symbol
JXN
Transactions as of
May 13, 2022
Transactions value $
$421,980
Form type
4
Date filed
5/17/2022, 06:43 PM
Previous filing
Apr 5, 2022
Next filing
Jun 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Common Stock Purchase $15K +500 +0.12% $30.06 418K May 13, 2022 Direct F1, F2
transaction JXN Common Stock Purchase $142K +4.5K +1.08% $31.50 423K May 13, 2022 Direct F2, F3
transaction JXN Common Stock Purchase $265K +8K +2.13% $33.15 383K May 16, 2022 Direct F2, F4, F5

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
holding JXN Restricted Share Units 47.4K May 13, 2022 Common Stock 47.4K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were bought in two transactions for $30.06. Mr. Myers undertakes to provide to Jackson Financial Inc., any security holder of Jackson Financial Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought described in this Footnote 1.
F2 Shares purchased through a Joint Brokerage Account in both Mr. Myers's and spouse's name as joint owners.
F3 The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions ranging from $31.20 to $31.81, inclusive. Mr. Myers undertakes to provide to Jackson Financial Inc., any security holder of Jackson Financial Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this Footnote 3.
F4 The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions ranging from $32.95 to $33.41, inclusive. Mr. Myers undertakes to provide to Jackson Financial Inc., any security holder of Jackson Financial Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this Footnote 4.
F5 The total amount beneficially owned reflects both (1) the addition of 8,000 shares purchased in the open market on May 16, 2022, and (2) a removal from Table I to Table II of common stock underlying 47,439.61 Restricted Share Units ("RSUs") that were acquired upon the October 4, 2021 grant of converted unvested Prudential plc Restricted Stock. One hundred percent (100%) of the RSUs previously were reported in Table I on March 14, 2022, based on an understanding that the RSUs were to settle upon vesting only in shares. It has since been clarified that only 75% of the total number of RSUs acquired in October 2021 will settle in shares upon vesting, and the remaining 25% of the RSUs will be paid out in cash upon vesting. The 25% of the RSUs that will be paid out in cash upon vesting is now properly reported in Table II, instead of Table I. These RSUs cliff vest on April 9, 2023.
F6 Reflects the portion of Restricted Share Units ("RSUs") previously reported on Table I in a Form 4 filed on March 14, 2022 that are settled in cash as described in Footnote 5 above.

Remarks:

Power of Attorney on file.