Form 4 for JXN Jackson Financial Inc.
Accepted 2021-10-06 00:00:00 ET · period of report 2021-10-04 · accession 0001062993-21-009296 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-10-06 | 2021-10-04 | JXN | Kirkland Derek G | Dir | A - Grant | $0.00 | +12.5K | 8,751 | New | $0 |
| D | 2021-10-06 | 2021-10-04 | JXN | Kirkland Derek G | Dir | A - Grant | $0.00 | +278 | 278 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Restricted Share | 2021-10-04 | A | A | 3,745 | $0.00 | 12,496 | D | — | — | (F3) As part of annual director compensation for the service period September 13, 2021 - May 31, 2022, participant elected to receive Restricted Shares (RS) for service provided from October 1, 2021 - May 31, 2022. The RS fully vests on the first anniversary of the Grant Date on October 4, 2022, subject to the Director's continued service through such date. |
| 2 | Common | Restricted Shares | 2021-10-04 | A | A | 5,626 | $0.00 | 5,626 | D | — | — | (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 RS vest over two years in two equal installments. The first half shall vest on the one-year anniversary of the Grant Date on October 4, 2022, and the remaining half shall vest on the second anniversary of the Grant Date on October 4, 2023, subject to Mr. Kirkland's continued service through such dates. The RSs may be paid out in either shares, or cash equal to the Fair Market Value of one share of common stock. |
| 3 | Common | Restricted Shares | 2021-10-04 | A | A | 3,125 | $0.00 | 8,751 | D | — | — | (F2) 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. |
| 4 | Derivative | Restricted Share Units | 2021-10-04 | A | A | 278 | $0.00 | 278 | D | — · — to — | 278 Common Stock | (F4) 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. RSUs shall be paid out in shares (1 RSU for 1 share of common stock). |