Don W. Cummings - Jun 16, 2022 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Role
SVP, Controller and CAO
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Stock symbol
JXN
Transactions as of
Jun 16, 2022
Transactions value $
$0
Form type
4
Date filed
6/21/2022, 07:15 AM
Previous filing
Mar 24, 2022
Next filing
Sep 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Common Stock Award $0 +137 +0.41% $0.00 33.7K Jun 16, 2022 Direct F1
transaction JXN Common Stock Award $0 +296 +1.03% $0.00 29K Jun 16, 2022 Direct F2, F3
transaction JXN Common Stock Award $0 +38.2 +0.13% $0.00 29K Jun 16, 2022 Direct F4
transaction JXN Common Stock Award $0 +95 +0.33% $0.00 29.1K Jun 16, 2022 Direct 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
transaction JXN Restricted Share Units Award $0 +98.6 +1.98% $0.00 5.07K Jun 16, 2022 Common Stock 98.6 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the acquisition on June 16, 2022 of dividend equivalents in the form of Restricted Share Units ("RSUs"), which are subject to the same terms and conditions as the underlying equity originally granted to recipient on October 4, 2021 as part of Annual Award of 6,751 RSUs. These RSUs vest over 30 months in three 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.
F2 Reflects the acquisition on June 16, 2022 of dividend equivalents in the form of Restricted Share Units ("RSUs"), which are subject to the same terms and conditions as the underlying equity originally granted to recipient on October 4, 2021 as part of converted unvested Prudential plc Restricted Stock received previously under the 2015 Prudential Restricted Stock Plan, where the total amount of 19,387 JFI RSUs acquired reflect: (a) JFI common stock received as a demerger dividend plus (b) JFI common stock. The RSUs fully vest on April 9, 2023, subject to continued employment through such date. 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.
F3 The total amount beneficially owned reflects the subtraction of 25% (or 4,971.56) Restricted Share Units ("RSUs") of the original grant amount of 19,387 based on clarification that 75% of the original RSUs is to settle in shares and 25% will settle in stock. To correct the overstatement of RSUs reported on March 14, 2022, 4,971.56 RSUs are now reported in Table II, and the total number of reported RSUs granted on October, 4, 2021 in Table I is reduced by the same number of RSUs.
F4 Reflects the acquisition on June 16, 2022 of dividend equivalents in the form of Restricted Share Units ("RSUs"), which are subject to the same terms and conditions as the underlying equity originally granted to recipient on October 4, 2021 as part of Celebration Award of 1,875 RSUs. These RSUs fully vest on the one-year anniversary of the grant date, October 4, 2022, subject to continued employment through such date.
F5 Reflects the acquisition on June 16, 2022 of dividend equivalents in the form of Restricted Share Units ("RSUs"), which are subject to the same terms and conditions as the underlying equity originally granted to recipient on March 10, 2022 as part of the 2022 Annual Restricted Share Unit Award of 4,729 RSUs. The RSUs vest over three years, 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, subject to continued employment through such dates.
F6 Reflects 25% of Restricted Share Units ("RSUs") that were originally granted to recipient on October 4, 2021 as part of converted unvested Prudential plc Restricted Stock received previously under the 2015 Prudential Restricted Stock Plan, and were reported entirely in Table I in a Form 4 filed on March 14, 2022. Since these RSUs will be settled in cash, they are now reported in Table II. The amount also reflects a June 16, 2022, distribution of dividend equivalents in the form of RSUs that are subject to the same terms and conditions as the underlying equity, as described in Footnote 2.

Remarks:

Power of Attorney on file.