Binioris Savvas Steve Panagiotis 4

What Happened
Savvas Binioris, EVP and Chief Risk Officer of Jackson Financial (JXN), was granted 24,794.18 shares as an award (code A) on 2026-02-02. The transaction shows an acquisition price of $0.00 (grant), so no cash exchanged at grant. These are performance share units (PSUs) earned under a 2023 PSU award and will convert 1:1 into common stock upon vesting.

Key Details

• Transaction date: 2026-02-02; filing date: 2026-02-04 (appears timely).
• Award: 24,794.18 PSUs; grant price reported $0.00; reported value at grant = $0.
• Vesting/conversion: PSUs cliff vest on March 10, 2026 and will convert 1:1 into common stock. Footnote notes these include accrued dividend equivalents and are tied to 2023 performance metrics.
• Shares owned after transaction: not disclosed in the provided filing.
• Other: Power of Attorney on file (per remarks).

Context
This was an award of performance-based restricted units, not an open-market purchase or sale. PSUs are contingent on performance and a future vesting date, so they do not represent immediate sale or liquidity. Awards like this are a standard form of executive compensation and should be interpreted as compensation delivery rather than a direct buy/sell signal.