Lawton Drew 4
Research Summary
AI-generated summary
Jackson Financial (JXN) Director Lawton Drew Receives RSU Award
What Happened
- Lawton Drew, a director of Jackson Financial Inc. (JXN), was granted 1,727 restricted share units (RSUs) on June 1, 2026. The reported acquisition price is $0.00, so no cash changed hands at grant; the reported value at grant was listed as $0.
- This is an award (compensation), not an open-market purchase or sale.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (appears filed within the normal two-business-day reporting window).
- Transaction type/code: A — Grant/Award/Other Acquisition of RSUs.
- Shares/units granted: 1,727 RSUs; acquisition price: $0.00; total reported cash value at grant: $0.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: RSUs cliff vest on June 1, 2027 or at the next Annual Meeting of Shareholders (whichever occurs earlier). Upon the reporting person's end of service, vested RSUs will settle 1:1 in common shares; any fractional share will be paid in cash.
- Remarks: Power of attorney is on file.
Context
- RSUs are a form of equity compensation for directors. They do not require a cash purchase and typically convert into shares when they vest; this grant appears to be routine annual director compensation rather than a market trade.
- Because this is an award, it should be interpreted as compensation, not a direct bullish or bearish trading signal.