Form 4 for JXN Jackson Financial Inc.
Accepted 2023-03-28 00:00:00 ET · period of report 2022-02-02 · accession 0001062993-23-007857 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-28 | 2022-04-02 | JXN | Prieskorn Laura Louene | CEO, Pres, Dir | D - Sale to Iss | $43.21 | -11.5K | 352.9K | -3% | -$496.0K |
| D | 2023-03-28 | 2022-02-02 | JXN | Prieskorn Laura Louene | CEO, Pres, Dir | M - OptEx | $0.00 | +11.5K | 364.4K | +3% | $0 |
| D | 2023-03-28 | 2022-02-02 | JXN | Prieskorn Laura Louene | CEO, Pres, Dir | A - Grant | $0.00 | +11.5K | 45.3K | +34% | $0 |
| D | 2023-03-28 | 2022-04-02 | JXN | Prieskorn Laura Louene | CEO, Pres, Dir | M - OptEx | $43.21 | -11.5K | 33.8K | -25% | -$496.0K |
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 | 2022-04-02 | D | D | 11,479.75 | $43.21 | 352,946.85 | D | — | — | (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. |
| 2 | Common | Common Stock | 2022-02-02 | M | A | 11,479.75 | $0.00 | 364,426.60 | D | — | — | (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. (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. |
| 3 | Derivative | Restricted Share Units | 2022-02-02 | A | A | 11,479.75 | $0.00 | 45,328.95 | D | — · — to — | 11,479.75 Common Stock | (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. (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. |
| 4 | Derivative | Restricted Share Units | 2022-04-02 | M | D | 11,479.75 | $43.21 | 33,849.20 | D | — · — to — | 11,479.75 Common Stock | (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. (F2) Reflects the cash settlement of 25% of the converted units that were earned on February 2, 2022, and vested on April 2, 2022. |