Raub Christopher 4

What Happened

• Christopher Raub, Executive Vice President of Jackson Financial (JXN), had vested restricted share units (RSUs) and performance share units (PSUs) from prior grants convert and be cash‑settled on March 10, 2026. Those cash settlements (dispositions to the issuer) totaled $763,783. Raub also had shares withheld to cover tax withholding obligations totaling $201,825. Separately, he received a new grant of 7,521 RSUs on March 10, 2026.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
• Cash dispositions to issuer: 2,836.37 shares for $308,796 and 4,179.18 shares for $454,987 (total $763,783).
• Tax withholding/payment: 1,095.22 shares for $119,237 and 758.59 shares for $82,588 (total $201,825).
• Grant: 7,521 restricted share units (RSUs) awarded on March 10, 2026 (vest in three equal annual tranches beginning one year from grant).
• Footnotes: F1–F2 describe vesting of the 3rd/final tranche of March 10, 2023 RSUs and cliff vesting of earned March 10, 2023 PSUs (converted 1:1 to stock but paid in cash). F3–F4 confirm the cash settlements of 2,836.37 and 4,179.18 converted shares. F5–F6 explain shares were withheld to cover tax withholding from prior RSU vestings. F7 describes the new 2026 RSU grant and vesting schedule.
• Shares owned after the transactions are not shown in the excerpt of the filing.

Context

• These transactions are mainly cash settlements of vested equity awards (not open‑market purchases or discretionary sales). For derivative/RSU/PSU activity: the awards converted 1:1 into common shares and were cash‑settled (i.e., the company paid cash rather than delivering net shares). Tax withholding was satisfied by withholding a portion of the vested shares.
• Such cash settlements and share‑withholdings are common when equity awards vest and do not necessarily signal a personal buy/sell decision about the stock price.