Chelko Carrie 4

What Happened

• Carrie Chelko, EVP and General Counsel of Jackson Financial (JXN), had 15,687.03 shares withheld to satisfy tax-withholding obligations tied to vested restricted share units (RSUs) and performance share units (PSUs) and received a new grant of 5,730 RSUs.
• The withheld shares were reported as four disposals on 2026-03-10 at $108.87 per share, totaling approximately $1,707,847. The new award (5,730 RSUs) was granted on the same date (value reported as $0 on grant; RSUs convert 1:1 to common stock as they vest).

Key Details

• Transaction date(s): March 10, 2026; Form 4 filed March 12, 2026 (timely).
• Withheld (disposed) shares: 15,687.03 shares total across four tax-withholding events at $108.87/share (~$1,707,847).
  • 1,780.62 shares withheld — $193,856
  • 11,253.67 shares withheld — $1,225,187
  • 1,579.25 shares withheld — $171,933
  • 1,073.49 shares withheld — $116,871
• Award (acquired): 5,730 RSUs granted (Code A); grant reported 3/10/2026. These RSUs vest 1:1 in three equal tranches beginning on the first anniversary, subject to continued employment.
• Footnotes: Withholdings tied to vesting of prior RSU/PSU grants (March 10, 2023 RSUs/PSUs; March 10, 2024 and March 10, 2025 RSU tranches). RSUs/PSUs convert 1:1 to common stock; fractional shares applied to tax obligations.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Other: Power of Attorney on file.

Context

• These were tax-withholding disposals (transaction code F), not open-market sales, and reflect routine tax withholding when equity awards vest rather than an active decision to sell shares for investment reasons.
• The new RSU grant vests over time (three equal annual tranches), so future conversions into common stock are contingent on continued employment.