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Jackson Financial Inc.·4

Mar 12, 4:19 PM ET

Anderson Craig A. 4

Research Summary

AI-generated summary

Updated

Jackson Financial (JXN) SVP Craig Anderson Cash‑Settles ~$565K in Shares

What Happened
Craig A. Anderson, SVP and Controller of Jackson Financial (JXN), converted/settled vested performance share units (PSUs) and restricted share units (RSUs) on March 10, 2026 and had the converted shares cashed out (disposition to the issuer). The filing shows conversions of 2,111.64, 1,480.92 and 1,598.25 shares that were disposed to the issuer at $108.87 per share, producing proceeds of $229,894, $161,228 and $174,001 respectively — total cash received of $565,123. An additional 616.16 shares were withheld to cover the reporting person’s tax withholding obligation. Separately, Anderson was granted 3,447 new RSUs on March 10, 2026 (vesting in three equal annual tranches).

Key Details

  • Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely within the usual two‑business‑day window).
  • Dispositions to issuer: 2,111.64 @ $108.87 = $229,894; 1,480.92 @ $108.87 = $161,228; 1,598.25 @ $108.87 = $174,001. Total proceeds shown: $565,123.
  • Tax withholding: 616.16 shares were withheld to satisfy tax obligations upon vesting (reported as disposed).
  • Grant: 3,447 RSUs awarded Mar 10, 2026; vest 1:1 in three equal tranches beginning one year after grant (footnote F8).
  • Footnotes indicate these were settlements of earned/vested PSUs/RSUs from prior grants (F1–F6) and that the settled units convert 1:1 into common stock but were paid out in cash (cash settlement).
  • Shares owned after the transactions are not specified in the provided excerpt.
  • Remark: Power of Attorney on file.

Context

  • These were compensation‑related conversions and cash settlements (code M = exercise/conversion; code D = disposition to issuer; code F = shares withheld for taxes; code A = award). This is not an open‑market purchase; it reflects vesting and cash settlement of equity awards rather than a directional buy or sell for investment purposes.
  • For retail investors, purchases by insiders often attract more attention than routine cash settlements of compensation. This filing appears to document routine compensation vesting and settlement rather than a discretionary market sale.