Don W. Cummings - Mar 10, 2023 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
Mar 10, 2023
Transactions value $
-$16,418
Form type
4
Date filed
3/14/2023, 06:00 PM
Previous filing
Jan 4, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Common Stock Tax liability -$16.4K -410 -1.6% $40.02 25.2K Mar 10, 2023 Direct F1
transaction JXN Common Stock Award $0 +11.5K +45.58% $0.00 36.7K Mar 10, 2023 Direct F2
transaction JXN Common Stock Award $0 +5.75K +15.66% $0.00 42.5K Mar 10, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to pay the reporting person's tax withholding obligations, upon vesting of one-third of the remaining Restricted Share Units ("RSUs"). Upon vesting, net shares were distributed but the related fractional shares were applied to cover the tax obligations for the reporting person.
F2 The 2023 Retention Restricted Share Unit Award was granted on March 10, 2023. The Restricted Share Units ("RSUs") vest over two years in equal installments, where the first half vests on the one-year anniversary of the grant date, March 10, 2024, and the second half vests on the two-year anniversary of the grant date, March 10, 2025.
F3 The 2023 Annual Restricted Share Unit Award was granted on March 10, 2023. 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, 2024, the next third vests on the two-year anniversary of the grant date, March 10, 2025, and the remaining third vests on the three-year anniversary of the grant date, March 10, 2026.

Remarks:

Power of Attorney on file.