Derek G. Kirkland - 09 Dec 2021 Form 4 Insider Report for Jackson Financial Inc. (JXN)

Role
Director
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact
Issuer symbol
JXN
Transactions as of
09 Dec 2021
Net transactions value
+$6,387
Form type
4
Filing time
13 Dec 2021, 16:26:54 UTC
Previous filing
06 Oct 2021
Next filing
15 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JXN Restricted Shares Award $0 +5,626 $0.000000 5,626 04 Oct 2021 Direct F1
transaction JXN Restricted Shares Award $2,813 +74 +1.3% $37.85 5,700 09 Dec 2021 Direct F2
transaction JXN Restricted Shares Award $0 +3,125 +55% $0.000000 8,825 04 Oct 2021 Direct F3
transaction JXN Restricted Shares Award $1,562 +41 +0.47% $37.85 8,867 09 Dec 2021 Direct F4
transaction JXN Restricted Shares Award $0 +3,745 +42% $0.000000 12,612 04 Oct 2021 Direct F5
transaction JXN Restricted Shares Award $1,872 +49 +0.39% $37.85 12,661 09 Dec 2021 Direct F6

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 +278 $0.000000 278 04 Oct 2021 Common Stock 278 Direct F7
transaction JXN Restricted Share Units Award $139 +4 $37.85 4 09 Dec 2021 Common Stock 4 Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired Jackson Financial Inc. (JFI) Restricted Shares (RS) pursuant to the Jackson Financial Inc. 2021 Omnibus Incentive Plan, which was approved by shareholders on April 21, 2021. The Director Founder's Award was approved by the JFI Board of Directors' Compensation Committee on September 20, 2021. The Restricted Shares vest over two years in two equal installments. The first half shall vest on the one-year anniversary of the Grant Date, October 4, 2022, and the remaining half shall vest on the second anniversary of the Grant Date, October 4, 2023, subject to Mr. Kirkland's continued service through such dates.
F2 Acquired Restricted Shares due to dividend reinvestment pursuant to terms of the Jackson Financial Inc. 2021 Omnibus Incentive Plan. The Restricted Shares vest over two years in two equal installments. The first half shall vest on the one-year anniversary of the Grant Date, October 4, 2022, and the remaining half shall vest on the second anniversary of the Grant Date, October 4, 2023, subject to Mr. Kirkland's continued service through such dates.
F3 As part of annual director compensation for the service period September 13, 2021 - May 31, 2022, participant elected for the "cash portion" of compensation to receive Restricted Shares, which vest(s) over eight months with three-eighths vesting on December 31, 2021, the next three-eighths vesting on March 31, 2022, and the remaining two-eighths vesting on May 31, 2022, subject to the Director's continued service through such dates.
F4 Acquired Restricted Shares due to dividend reinvestment pursuant to terms of the Jackson Financial Inc. 2021 Omnibus Incentive Plan. Restricted Shares vest over eight months with three-eighths vesting on December 31, 2021, the next three-eighths vesting on March 31, 2022, and the remaining two-eighths vesting on May 31, 2022, subject to the Director's continued service through such dates.
F5 As part of annual director compensation for the service period September 13, 2021 - May 31, 2022, participant elected to receive Restricted Shares for service provided from October 1, 2021 - May 31, 2022. The Restricted Shares fully vest on the first anniversary of the Grant Date, October 4, 2022, subject to the Director's continued service through such date.
F6 Acquired Restricted Shares due to dividend reinvestment pursuant to terms of the Jackson Financial Inc. 2021 Omnibus Incentive Plan. The Restricted Shares fully vest on the first anniversary of the Grant Date, October 4, 2022, subject to the Director's continued service through such date.
F7 As part of annual director compensation for the service period September 13, 2021 - May 31, 2022, participant elected to receive the equity component in Restricted Share Units (RSUs) for the service period September 13, 2021 - September 30, 2021, subject to the Director's continued service through such date. The RSUs will fully vest on the one year anniversary of the Grant Date, October 4, 2022. The RSUs shall be paid out in common stock on a 1-1 basis.
F8 Acquired Restricted Share Unit due to dividend reinvestment pursuant to terms of the Jackson Financial Inc. 2021 Omnibus Incentive Plan.
F9 The Restricted Share Units will fully vest on the one year anniversary of the Grant Date, October 4, 2022.

Remarks:

Power of Attorney on file.