Laura Louene Prieskorn - 13 May 2022 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Issuer symbol
JXN
Transactions as of
13 May 2022
Net transactions value
+$150,479
Form type
4
Filing time
17 May 2022, 19:05:09 UTC
Previous filing
05 Apr 2022
Next filing
21 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Common Stock Purchase $150,479 +4,900 +1.9% $30.71 261,514 13 May 2022 Trust F1, F2

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 13,736 13 May 2022 Common Stock 13,736 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The total amount beneficially owned reflects (1) the addition of 4,900 shares purchased in the open market on May 13, 2022; (2) the addition of .45 shares of JFI common stock previously omitted from a Form 4 filed on October 6, 2021, and (3) a removal from Table I to Table II of common stock underlying 13,736.16 Restricted Share Units ("RSUs") that were acquired upon the October 4, 2021 grant of 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 in shares. It has since been clarified that, upon vesting, 75% of the total number of RSUs acquired in October 2021 will settle in shares, and the remaining 25% of the RSUs will be paid out in cash. The 25% of the RSUs that will be paid out in cash is now properly reported in Table II. These RSUs cliff vest on April 9, 2023.
F2 These shares are held in a brokerage account with the account name of L. Prieskorn and C. Prieskorn TTEE, a trust where Mrs. Prieskorn and her spouse are trustees and beneficiaries.
F3 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 1 above.

Remarks:

Power of Attorney on file.