Form 4: Jackson Financial CEO Sells Shares for Tax Withholding

Jackson Financial Inc.'s President and CEO, Craig Donald Smith, disposed of 473.55 shares of common stock to cover FICA taxes related to restricted share unit vesting.

Summary

• Craig Donald Smith, President and CEO of PPM America and an officer of Jackson Financial Inc. (JXN), reported a transaction on November 20, 2025.
• The transaction involved the disposition of 473.55 shares of Jackson Financial Inc. common stock at a price of $91.82 per share.
• This disposition was a withholding of shares to cover FICA taxes associated with the accelerated vesting of restricted share units.
• The restricted share units were part of an annual grant made on March 10, 2025, and vested due to Mr. Smith becoming retirement eligible.
• Following this transaction, Mr. Smith directly beneficially owns 108,970 shares of common stock.

Sentiment

Score: 6

Explanation: The transaction is a routine, non-discretionary sale for tax purposes, which is neutral to slightly positive as it indicates the vesting of equity compensation. It does not reflect a change in management's view of the company's prospects.

Positives

• The transaction is a routine tax-related withholding, not a discretionary sale, indicating no change in management's underlying confidence in the company.

Negatives

• A reduction in the CEO's direct beneficial ownership, albeit for tax purposes.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary tax-related transaction by an insider, not a market sale based on investment sentiment.

Key Dates

Keywords

Jackson Financial Inc., JXN, Craig Donald Smith, Insider Transaction, Form 4, Share Sale, Tax Withholding, Restricted Share Units, CEO, Officer Transaction