Raub Christopher 4

What Happened

• Christopher Raub, EVP at Jackson Financial Inc. (and CEO of PPM America), had 366.76 restricted-share-unit (RSU) shares withheld to satisfy tax withholding obligations tied to the vesting of the first tranche of RSUs. The shares were valued at $109.64 each, totaling $40,212. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-09; Filing date (Form 4): 2026-05-12.
• Withheld shares: 366.76 at $109.64 per share = $40,212 (reported as a disposition to cover taxes).
• Footnote: RSUs convert 1:1 into common stock upon vesting; net shares were distributed and any fractional share was applied to cover the reporting person’s tax obligation.
• Power of Attorney on file, per the filing.
• This action reflects tax withholding on vesting, not a purchase or voluntary sale by the insider.

Context

• Withholdings to cover taxes are routine when equity awards vest and do not necessarily signal a CEO or executive selling shares for cash flow or market reasons. This was a cashless withholding to meet tax obligations on vested RSUs rather than an open-market transaction.