Form 4: Jackson Financial Inc. Director Gregory T. Durant Reports Acquisition of Dividend Equivalents
SEC Form 4 Filing
Director Gregory T. Durant reports acquiring dividend equivalents in the form of restricted share units related to previous equity grants.
Summary
- On March 20, 2025, Gregory T. Durant, a director of Jackson Financial Inc., acquired dividend equivalents in the form of restricted share units.
- These units are subject to the same terms and conditions as the underlying equity granted to the director for the Founders' Award on October 4, 2021, and annual equity retainers on October 4, 2021, June 9, 2022, June 1, 2023, and June 1, 2024.
- The acquisitions resulted in increases in the number of common stock shares beneficially owned by Durant, with the final amount totaling 32,456.39 shares.
Sentiment
Score: 5
Explanation: This is a neutral report on the acquisition of dividend equivalents, a routine part of executive compensation. It doesn't indicate positive or negative performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the ongoing accumulation of shares through dividend equivalents, which is a common practice.
Stakeholder Impact
- The acquisition of dividend equivalents has a minor positive impact on the director's holdings, aligning their interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| October 4, 2021 | Date of Founders' Award and annual equity retainer grants. |
| June 9, 2022 | Date of annual equity retainer grant. |
| June 1, 2023 | Date of annual equity retainer grant. |
| June 1, 2024 | Date of annual equity retainer grant. |
| March 20, 2025 | Date of transaction: Acquisition of dividend equivalents. |
| March 24, 2025 | Date of signature on the Form 4 filing. |
Keywords
dividend equivalents, restricted share units, Form 4, beneficial ownership, Jackson Financial Inc., JXN, director, Durant, equity grants
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