Laura Louene Prieskorn - Feb 2, 2022 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Role
CEO, President and Director, Director
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Stock symbol
JXN
Transactions as of
Feb 2, 2022
Transactions value $
-$992,080
Form type
4
Date filed
3/28/2023, 08:53 AM
Previous filing
Dec 13, 2021
Next filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Common Stock Options Exercise $0 +11.5K +3.25% $0.00 364K Feb 2, 2022 Direct F1, F3
transaction JXN Common Stock Disposed to Issuer -$496K -11.5K -3.15% $43.21 353K Apr 2, 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 +11.5K +33.91% $0.00 45.3K Feb 2, 2022 Common Stock 11.5K Direct F1, F3
transaction JXN Restricted Share Units Options Exercise -$496K -11.5K -25.33% $43.21 33.8K Apr 2, 2022 Common Stock 11.5K 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 48,373 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, 11,479.75, 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 141.50 dividend equivalents distributed on the earned 34,437.26 "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 11,479.75 "restricted share units" (25% settled in cash). Despite the incorrect reporting in Table I, upon vesting, the 141.50 dividend equivalents settled in cash, not shares.

Remarks:

Power of Attorney on file.