Jackson Financial (JXN) CFO Don Cummings Withholds 736 Shares for Taxes

What Happened

• Don W. Cummings, EVP and Chief Financial Officer of Jackson Financial Inc. (JXN), had 736.12 restricted stock units (RSU) shares withheld to satisfy his tax withholding obligation upon vesting. The withholding was calculated at $138.36 per share, totaling approximately $101,850. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-10; Filing date: 2026-09-14 (filed within the required reporting window).
• Withheld/disposed: 736.12 shares at $138.36 per share; total ≈ $101,850.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Footnote: Shares were withheld to cover tax withholding on the second tranche of RSUs granted Sep 10, 2024; RSUs convert 1:1 into common stock and net shares were distributed (fractional share applied to cover tax).
• Remark: Power of Attorney on file.

Context

• This is a routine tax-related withholding of vested RSUs, common when equity awards vest. It is not a market sale signaling a change in investment stance; rather, it reduces the number of net shares delivered to the insider to satisfy tax obligations.