Cummings Don W 4
4 · Jackson Financial Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Jackson Financial (JXN) CFO Don W. Cummings Receives RSUs; Shares Withheld
What Happened
- Don W. Cummings, Executive Vice President and Chief Financial Officer of Jackson Financial (JXN), had 10,929.98 shares withheld to cover tax withholding on vested restricted share units (RSUs) and performance share units (PSUs). The withheld shares were reported as dispositions on 2026-03-10 at $108.87 per share for total proceeds of approximately $1,189,947.
- On the same date he received a new annual grant of 8,595 restricted share units (RSUs) (reported as an acquisition at $0.00), which vest 1:1 in three equal tranches beginning on the first anniversary of the grant.
Key Details
- Transaction date(s): March 10, 2026 (report filed March 12, 2026).
- Withheld shares (to pay tax obligations): 816.33; 5,751.38; 1,165.55; 1,957.74; 1,238.98 — total 10,929.98 shares at $108.87 each, total ≈ $1,189,947.
- Grant (award): 8,595 RSUs at $0.00 (vest 1:1 in three equal annual tranches; see footnote F6).
- Footnotes: Withholdings relate to tax obligations on vesting of RSUs/PSUs from awards dated March 10, 2023–2025 (fractional shares applied to cover tax), and the new 2026 RSU grant vests over three tranches.
- Transaction codes: F = tax withholding (dispositions to cover taxes); A = award/grant.
- Shares owned after transaction: not specified in the filing.
- Timeliness: Reported on March 12, 2026 for transactions on March 10, 2026 (no late filing flag shown). Power of Attorney on file.
Context
- These were tax-withholding dispositions tied to the vesting of equity awards (not open-market sales). Such withholding is a routine administrative step when RSUs/PSUs vest and does not necessarily indicate a voluntary sale or a change in the insider’s view of the company. The new RSU grant represents future compensation subject to vesting conditions.
Insider Transaction Report
Form 4
Cummings Don W
EVP and CFO
Transactions
- Tax Payment
Common Stock
[F1]2026-03-10$108.87/sh−816.33$88,874→ 73,862.52 total - Tax Payment
Common Stock
[F2]2026-03-10$108.87/sh−5,751.38$626,153→ 68,111.14 total - Tax Payment
Common Stock
[F3]2026-03-10$108.87/sh−1,165.55$126,893→ 66,945.59 total - Tax Payment
Common Stock
[F4]2026-03-10$108.87/sh−1,957.74$213,139→ 64,987.85 total - Tax Payment
Common Stock
[F5]2026-03-10$108.87/sh−1,238.98$134,888→ 63,748.87 total - Award
Common Stock
[F6]2026-03-10+8,595→ 72,343.87 total
Footnotes (6)
- [F1]Shares withheld to pay the reporting person's tax withholding obligation upon vesting of the third and final tranche of the March 10, 2023, restricted share units ("RSUs"). The RSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F2]Shares withheld to pay the reporting person's tax withholding obligation upon cliff vesting of the earned March 10, 2023, performance share units ("PSUs"). The PSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F3]Shares withheld to pay the reporting person's tax withholding obligation upon vesting of the second tranche of the March 10, 2024, restricted share units ("RSUs"). The RSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F4]Shares withheld to pay the reporting person's tax withholding obligation upon vesting of the final half of the March 10, 2024, restricted share units ("RSUs") Retention Award. The RSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F5]Shares withheld to pay the reporting person's tax withholding obligation upon vesting of the first tranche of the March 10, 2025, restricted share units ("RSUs"). The RSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F6]Reflects the March 10, 2026, annual grant of restricted share units which vest on a 1:1 basis in three equal tranches, beginning on the first anniversary of the grant date.
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact|2026-03-12