Cummings Don W 4
Research Summary
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Jackson Financial (JXN) CFO Don W. Cummings Receives Award
What Happened Don W. Cummings, Executive Vice President and Chief Financial Officer of Jackson Financial (JXN), was issued 14,087.38 shares (performance share units) on 2026-02-02 as an award (transaction code A). The units were recorded at $0.00 cash cost to Cummings (total reported value $0). These PSUs were earned based on achievement of the 2023 performance metrics and will convert 1:1 into common stock, with a cliff vesting date of March 10, 2026.
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-04 (timely Form 4 filing)
- Amount: 14,087.38 PSU shares; price reported: $0.00; reported cash value: $0
- Vesting/conversion: PSUs cliff vest on March 10, 2026 and will convert 1:1 into common stock
- Footnote: Reflects shares and accrued dividend equivalents earned under the 2023 PSU award
- Ownership after transaction: not specified in the provided filing details
- Remarks: Power of Attorney on file; transaction coded as an award (A), not an open-market purchase or sale
Context This was a compensation award (performance-based RSU/PSU), not a purchase or sale — such awards reflect pay tied to company performance and typically vest on a future date, so they do not directly signal immediate insider buying or selling. Upon vesting/conversion the shares will become common stock; any subsequent sale would be reported separately.