Form Type: 4

SEC EDGAR Link
Accession Number:0001062993-22-008566
Date:2022-03-23
Issuer: JACKSON FINANCIAL INC. (JXN)
Original Submission Date:

Reporting Person:

HARRIS BRADLEY OLAN
1 CORPORATE WAY
LANSING, MI 48951

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-03-23 A 624 a $44.62 111,799 direct
COMMON STOCK 2022-03-23 A 187 a $44.62 111,986 direct
COMMON STOCK 2022-03-23 A 70 a $44.62 112,057 direct
COMMON STOCK 2022-03-23 A 544 a $44.62 112,600 direct
COMMON STOCK 2022-03-23 A 145 a $44.62 112,745 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 the total number reflects the acquisition on march 23, 2022 of dividend equivalents in the form of 624.46 restricted share units ("rsus"), as well as the previously reported acquisition on december 9, 2021 of dividend equivalents in the form of 660.50 rsus, which are subject to the same terms and conditions as the underlying equity originally granted to recipient on october 4, 2021 as part of converted unvested prudential plc restricted stock received previously under the 2015 prudential restricted stock plan, where the total amount of 50,000 jfi rsus acquired reflect: (a) jfi common stock received as a demerger dividend plus (b) jfi common stock. the rsus fully vest on april 9, 2023, subject to continued employment through such date.
f2 the total number reflects the acquisition on march 23, 2022 of dividend equivalents in the form of 187.37 restricted share units ("rsus"), as well as the previously reported acquisition on december 9, 2021 of dividend equivalents in the form of 198.19 rsus, which are subject to the same terms and conditions as the underlying equity originally granted to recipient on october 4, 2021 as part of annual award of 15,003 rsus. these rsus vest over 30 months in three equal installments with the first third vesting on the one-year anniversary of the grant date, october 4, 2022, the next third vesting on the two-year anniversary of the grant date, october 4, 2023, and the remaining third vesting on april 4, 2024, subject to continued employment through such dates.
f3 the total number reflects the acquisition on march 23, 2022 of dividend equivalents in the form of 70.26 restricted share units ("rsus"), as well as the previously reported acquisition on december 9, 2021 of dividend equivalents in the form of 74.32 rsus, which are subject to the same terms and conditions as the underlying equity originally granted to recipient on october 4, 2021 as part of celebration award of 5,626 rsus. these rsus fully vest on the one-year anniversary of the grant date, october 4, 2022, subject to continued employment through such date.
f4 the total number reflects the acquisition on march 23, 2022 of dividend equivalents in the form of 543.75 performance share units ("psus"), which are subject to the same terms and conditions as the underlying equity originally granted to recipient in 2019 from our former parent, prudential plc, of 25,658 psus, which were converted into psus of jackson financial inc. on september 13, 2021. column 4 reflects the number of shares of common stock "earned" based on achievement of performance metrics for the period january 1, 2019 through december 31, 2021. the shares will not vest, or be delivered to mr. harris, until april 2, 2022, so long as mr. harris remains employed through such date.
f5 the total number reflects the acquisition on march 23, 2022 of dividend equivalents in the form of 144.93 restricted share units ("rsus"), which are subject to the same terms and conditions as the underlying equity originally granted to recipient on march 10, 2022 as part of the 2022 annual restricted share unit award of 11,758 rsus. the rsus vest over three years in equal installments, where the first third vests on the one-year anniversary of the grant date, march 10, 2023, the next third vests on the two-year anniversary of the grant date, march 10, 2024, and the remaining third vests on the three-year anniversary of the grant date, march 10, 2025, subject to continued employment through such dates.
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