Laura Louene Prieskorn - Dec 9, 2021 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Stock symbol
JXN
Transactions as of
Dec 9, 2021
Transactions value $
$91,113
Form type
4
Date filed
12/13/2021, 04:25 PM
Previous filing
Oct 6, 2021
Next filing
Mar 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding JXN Common Stock 644 Dec 9, 2021 Direct F1

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 Unit Award $0 +53.6K $0.00 53.6K Oct 4, 2021 Common Stock 53.6K Direct F2
transaction JXN Restricted Share Units Award $26.8K +708 $37.85 708 Dec 9, 2021 Common Stock 708 Direct F3, F4
transaction JXN Restricted Share Unit Award $0 +48K $0.00 48K Oct 4, 2021 Common Stock 48K Direct F5
transaction JXN Restricted Share Units Award $24K +634 $37.85 634 Dec 9, 2021 Common Stock 634 Direct F3, F6
transaction JXN Restricted Share Units Award $0 +5.63K $0.00 5.63K Oct 4, 2021 Common Stock 5.63K Direct F7
transaction JXN Restricted Share Units Award $2.81K +74.3 $37.85 74.3 Dec 9, 2021 Common Stock 74.3 Direct F3, F8
transaction JXN Restricted Share Units Award $0 +75K $0.00 75K Oct 4, 2021 Common Stock 75K Direct F9
transaction JXN Restricted Share Units Award $37.5K +991 $37.85 991 Dec 9, 2021 Common Stock 991 Direct F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Prudential plc American Depositary Receipts (ADRs) were acquired previously as part of participant's long-term incentive compensation prior to the demerger. In connection with the JFI demerger from Prudential plc, the participant acquired Jackson Financial Inc. (JFI) common stock (shares distributed equally on all securities of a class) where holders of vested Prudential plc ADRs received one JFI share of common stock for every 20 vested Prudential plc ADRs.
F2 Participant acquired JFI Restricted Share Units (RSUs) upon the conversion of the unvested Prudential plc Restricted Stock received previously under the 2015 Prudential Restricted Stock Plan, where the total amount of JFI RSUs acquired reflect: (a) JFI shares of common stock received as a demerger dividend (one share of JXN for every 20 shares of Prudential plc ADR), plus (b) JFI shares of common stock - determined by calculating the value of the original Prudential plc unvested restricted stock award (using (i) the 10-day average closing value of Prudential plc ADR immediately after September 20, 2021, divided by (ii) the 10-day average closing price of JFI common stock immediately after September 20, 2021). The RSUs fully vest on April 9, 2023.
F3 Acquired Restricted Share Units due to dividend reinvestment pursuant to terms of the Jackson Financial Inc. 2021 Omnibus Incentive Plan.
F4 The Restricted Share Units fully vest on April 9, 2023.
F5 Acquired Jackson Financial Inc. (JFI) Restricted Share Units (RSU) and Performance Share Units (PSU) pursuant to the Jackson Financial Inc. 2021 Omnibus Incentive Plan, which was approved by shareholders on April 21, 2021. The JFI 2021 Annual Incentive Awards were approved by JFI's Board of Directors' Compensation Committee on September 20, 2021. The RSUs vest over three years 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 the Officer's continued employment through such dates.
F6 The Restricted Share Units vest over three years 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 the Officer's continued employment through such dates.
F7 Acquired Jackson Financial Inc. (JFI) Restricted Share Units (RSU) pursuant to the JFI 2021 Omnibus Incentive Plan, which was approved by shareholders on April 21, 2021. The Celebration Award was approved by JFI's Board of Directors' Compensation Committee on September 20, 2021. The RSUs granted under the Celebration Award fully vest on the one-year anniversary of the Grant Date, October 4, 2022, subject to the Officer's continued employment through such date.
F8 The Restricted Share Units granted under the Celebration Award fully vest on the one-year anniversary of the Grant Date, October 4, 2022, subject to the Officer's continued employment through such date.
F9 Acquired Jackson Financial Inc. (JFI) Restricted Share Units (RSU) pursuant to the Jackson Financial Inc. 2021 Omnibus Incentive Plan, which was approved by shareholders on April 21, 2021. The Executive Founder's Award was approved by the JFI's Board of Directors' Compensation Committee on September 20, 2021. RSUs awarded under the Executive Founder's Award vest over two years in two equal installments with the first half vesting on the one-year anniversary of the Grant Date, October 4, 2022, with the remaining half vesting on the two-year anniversary of the Grant Date, October 4, 2023, subject to the Officer's continued employment through such dates.
F10 Restricted Share Units awarded under the Executive Founder's Award vest over two years in two equal installments with the first half vesting on the one-year anniversary of the Grant Date, October 4, 2022, with the remaining half vesting on the two-year anniversary of the Grant Date, October 4, 2023, subject to the Officer's continued employment through such dates.

Remarks:

Power of Attorney on file.