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Filing Details

Accession Number:: 0001062993-21-010976
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-11-16 18:35:09
Reporting Period:: 2021-11-12

Accepted Time:: 2021-11-16 18:35:09
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1822993	Jackson Financial Inc.	JXN	Life Insurance (6311)	980486152

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1857242	Chadwick Paul Myers	1 Corporate Way Lansing MI 48951	Vice Chair, Jhllc	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-11-12	25	$32.75	1,660	No	4	P	Indirect	Son's UTMA account
Common Stock	Acquisiton	2021-11-12	400	$32.69	2,060	No	4	P	Indirect	Spouse
Common Stock	Acquisiton	2021-11-12	37,500	$32.94	39,560	No	4	P	Direct
Common Stock	Acquisiton	2021-11-12	1,000	$33.49	40,560	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Son's UTMA account
No	4	P	Indirect	Spouse
No	4	P	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Share Units	Acquisiton	2021-10-04	185,006	$0.00	185,006	$0.00
Common Stock	Restricted Share Units	Acquisiton	2021-10-04	54,013	$0.00	54,013	$0.00
Common Stock	Restricted Share Units	Acquisiton	2021-10-04	5,626	$0.00	5,626	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
186,006	No	4	A	Direct
54,013	No	4	A	Direct
5,626	No	4	A	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions ranging from $32.80 to $33.11, inclusive. Mr. Myers undertakes to provide to Jackson Financial Inc., any security holder of Jackson Financial Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this Footnote 1.
This is a uniform transfer to minor's account; thus, shares are held in a Custodian Account for son, where Mr. Myers is the custodian.
The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions ranging from $32.67 to $32.72, inclusive. Mr. Myers undertakes to provide to Jackson Financial Inc., any security holder of Jackson Financial Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this Footnote 3.
Shares held in a Traditional Individual Retirement Account in spouse's name only.
The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions ranging from $32.48 to $33.45, inclusive. Mr. Myers undertakes to provide to Jackson Financial Inc., any security holder of Jackson Financial Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this Footnote 5.
Shares held in Joint Brokerage Account in both Mr. Myers's and spouse's name as joint owners.
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.
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 on October 4, 2022, the next third vesting on the two-year anniversary of the Grant Date on October 4, 2023, and the remaining third vesting on April 4, 2024, subject to the Officer's continued employment through such dates.
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 on October 4, 2022, subject to the Officer's continued employment through such date. Each RSU may be paid out in either shares (1 RSU equals 1 share of common stock) or cash equal to the Fair Market Value of one share of JFI common stock.