Christopher Raub - Sep 19, 2024 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Role
EVP and Chief Risk Officer
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Stock symbol
JXN
Transactions as of
Sep 19, 2024
Transactions value $
-$523
Form type
4
Date filed
9/23/2024, 05:34 PM
Previous filing
Sep 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Common Stock Award $0 +38.1 +0.16% $0.00 24.4K Sep 19, 2024 Direct F4
transaction JXN Common Stock Tax liability -$523 -5.69 -0.02% $91.97 24.4K Sep 19, 2024 Direct F5
transaction JXN Common Stock Award $0 +58.4 +0.24% $0.00 24.4K Sep 19, 2024 Direct F6, F7

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 +23.8 +0.28% $0.00 8.55K Sep 19, 2024 Common Stock 23.8 Direct F1, F2
transaction JXN Restricted Share Units Award $0 +41.1 +0.48% $0.00 8.59K Sep 19, 2024 Common Stock 41.1 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share unit represents a contingent right to receive one share of JFI common stock.
F2 Acquired dividend equivalents in the form of Restricted Share Units ("RSUs") that are subject to the same terms and conditions as the underlying equity granted to the reporting person on March 10, 2022, which vest in three equal installments beginning on the first anniversary of the grant date with distribution settled in cash.
F3 Acquired dividend equivalents in the form of Restricted Share Units ("RSUs") that are subject to the same terms and conditions as the underlying equity granted to the reporting person on March 10, 2023, which vest in three equal installments beginning on the first anniversary of the grant date with distribution settled in cash.
F4 Acquired dividend equivalents in the form of Restricted Share Units ("RSUs") that are subject to the same terms and conditions as the underlying equity granted to the reporting person on September 10, 2023, as a Mid-Cycle Award, which vest in three equal installments beginning on the first anniversary of the grant date. Upon each vesting, full shares are distributed and the fractional share is applied to shares withheld to cover the tax obligation.
F5 Reflects shares withheld to cover tax obligations upon vesting of the dividend equivalent units (the "DEUs"), consistent with the terms and conditions of the underlying equity (restricted share units, or RSUs) that vested on September 10, 2024. The DEUs were distributed on September 19, 2024, based on reporting person's holdings of unvested RSUs as of September 5, 2024, the record date for JFI's dividend for the third quarter of 2024.
F6 Acquired dividend equivalents in the form of Restricted Share Units ("RSUs") that are subject to the same terms and conditions as the underlying equity granted to the reporting person on March 10, 2024, which vest in three equal installments beginning on the first anniversary of the grant date. Upon each vesting, full shares are distributed and the fractional share is applied to shares withheld to cover the tax obligation.
F7 Total reflects the reduction of 0.53 Restricted Share Units ("RSUs") cashed out as the result of a change in the Company's Stock Plan Administrator.

Remarks:

Power of Attorney on file.