4//SEC Filing
Nerud Mark D 4
Accession 0001062993-23-007859
CIK 0001822993other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 8:54 AM ET
Size
11.6 KB
Accession
0001062993-23-007859
Insider Transaction Report
Form 4
Nerud Mark D
President and CEO of JNAM
Transactions
- Disposition to Issuer
Common Stock
2022-04-02$43.21/sh−7,351.85$317,673→ 37,014.13 total - Exercise/Conversion
Common Stock
2022-02-02+7,351.85→ 44,365.98 total - Award
Restricted Share Units
2022-02-02+7,351.85→ 7,351.85 total→ Common Stock (7,351.85 underlying) - Exercise/Conversion
Restricted Share Units
2022-04-02$43.21/sh−7,351.85$317,673→ 0 total→ Common Stock (7,351.85 underlying)
Footnotes (3)
- [F1]Reflects the acquisition of cash-settled units earned based on achievement of performance metrics of the 29,023 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.
- [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, 7,351.85, 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 90.62 dividend equivalents distributed on the earned 22,054.54 "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 7,351.85 "restricted share units" (25% settled in cash). Despite the incorrect reporting in Table I, upon vesting, the 90.62 dividend equivalents settled in cash, not shares.
Issuer
Jackson Financial Inc.
CIK 0001822993
Entity typeother
Related Parties
1- filerCIK 0001364117
Filing Metadata
- Form type
- 4
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 8:54 AM ET
- Size
- 11.6 KB