Form 4 for JXN Jackson Financial Inc.
Accepted 2021-11-16 00:00:00 ET · period of report 2021-11-12 · accession 0001062993-21-010976 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-11-16 | 2021-11-12 | JXN | Myers Paul Chadwick | Vice COB, JHLLC | P - Purchase | $32.69 | +425 | 2,060 | +26% | +$13.9K |
| DM | 2021-11-16 | 2021-11-12 | JXN | Myers Paul Chadwick | Vice COB, JHLLC | P - Purchase | $32.95 | +38.5K | 39.6K | +3,632% | +$1.27M |
| DM | 2021-11-16 | 2021-10-04 | JXN | Myers Paul Chadwick | Vice COB, JHLLC | A - Grant | $0.00 | +244.6K | 186.0K | 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 | Common Stock | 2021-11-12 | P | A | 25 | $32.75 | 1,660 | I Son's UTMA account | — | — | (F1) 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. (F2) 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. |
| 2 | Common | Common Stock | 2021-11-12 | P | A | 1,000 | $33.49 | 40,560 | D | — | — | (F6) Shares held in Joint Brokerage Account in both Mr. Myers's and spouse's name as joint owners. |
| 3 | Common | Common Stock | 2021-11-12 | P | A | 37,500 | $32.94 | 39,560 | D | — | — | (F5) 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. (F6) Shares held in Joint Brokerage Account in both Mr. Myers's and spouse's name as joint owners. |
| 4 | Common | Common Stock | 2021-11-12 | P | A | 400 | $32.69 | 2,060 | I Spouse | — | — | (F3) 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. (F4) Shares held in a Traditional Individual Retirement Account in spouse's name only. |
| 5 | Derivative | Restricted Share Units | 2021-10-04 | A | A | 5,626 | $0.00 | 5,626 | D | — · — to — | 5,626 Common Stock | (F9) 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. |
| 6 | Derivative | Restricted Share Units | 2021-10-04 | A | A | 54,013 | $0.00 | 54,013 | D | — · — to — | 54,013 Common Stock | (F8) 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. |
| 7 | Derivative | Restricted Share Units | 2021-10-04 | A | A | 185,006 | $0.00 | 186,006 | D | — · — to — | 185,006 Common Stock | (F7) 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. |