Craig Donald Smith - 02 Feb 2022 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Role
CEO, CIO & Pres PPM America
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Issuer symbol
JXN
Transactions as of
02 Feb 2022
Net transactions value
-$967,278
Form type
4
Filing time
28 Mar 2023, 08:55:20 UTC
Previous filing
13 Dec 2021
Next filing
24 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Common Stock Options Exercise $0 +11,193 +8.9% $0.000000 137,152 02 Feb 2022 Direct F1, F3
transaction JXN Common Stock Disposed to Issuer $483,639 -11,193 -8.2% $43.21 125,959 02 Apr 2022 Direct F2, F3

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 +11,193 +66% $0.000000 28,136 02 Feb 2022 Common Stock 11,193 Direct F1, F3
transaction JXN Restricted Share Units Options Exercise $483,639 -11,193 -40% $43.21 16,944 02 Apr 2022 Common Stock 11,193 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the acquisition of cash-settled units earned based on achievement of performance metrics of the 47,163 Jackson Financial Inc. Performance Share Units ("PSUs"), which were converted from the 2019 PLTIP PSUs on October 4, 2021. All of the earned units vested on April 2, 2022. The previously filed Form 4 failed to report the acquisition of the cash-settled earned units, and reported the acquisition of only the 75% of share-settled earned units.
F2 Reflects the cash settlement of 25% of the converted units that were earned on February 2, 2022, and vested on April 2, 2022.
F3 The reported number, 11,192.76, does not reflect the total of (a) the number of earned "restricted share units" settled in cash, and (b) dividend equivalents from December 2021 and March 2022, all of which vested on April 2, 2022. On March 24, 2022, we erroneously over-reported 137.97 dividend equivalents distributed on the earned 33,575.27 "restricted share units" (75% settled in shares) in Table I that should have been reported on the same date but in Table II on the earned 11,192.76 "restricted share units" (25% settled in cash). Despite the incorrect reporting in Table I, upon vesting, the 137.97 dividend equivalents settled in cash, not shares.

Remarks:

Power of Attorney on file.