Form 4: Jackson Financial Inc. Executive Raub Christopher Reports Acquisition of Dividend Equivalents
SEC Form 4 Filing
EVP and Chief Risk Officer of Jackson Financial Inc., Christopher Raub, reports the acquisition of dividend equivalents in the form of Restricted Share Units (RSUs).
Summary
- On March 21, 2024, Christopher Raub, EVP and Chief Risk Officer of Jackson Financial Inc., reported the acquisition of dividend equivalents in the form of Restricted Share Units (RSUs).
- These RSUs are subject to the same terms and conditions as the underlying equity granted to the reporting person on various dates.
- The acquired RSUs vest in installments, with distribution settled in cash or shares.
- Raub acquired 52.01 common stock shares at $0.00 and 79.73 common stock shares at $0.00.
- Raub acquired 47.22 Restricted Share Units, 41.99 Restricted Share Units, 32.5 Restricted Share Units and 56.15 Restricted Share Units.
- Following the reported transactions, Raub beneficially owns 24,970.26 shares of common stock and 16,941.13 Restricted Share Units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports routine transactions related to executive compensation. It doesn't indicate positive or negative performance of the company.
Positives
- The acquisition of dividend equivalents in the form of RSUs indicates continued investment in the company by a key executive.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/04/2021 | Date of underlying equity grant for some of the acquired RSUs. |
| 03/10/2022 | Date of underlying equity grant for some of the acquired RSUs. |
| 03/10/2023 | Date of underlying equity grant for some of the acquired RSUs. |
| 09/10/2023 | Date of underlying equity grant for some of the acquired RSUs. |
| 02/01/2024 | Date of performance share units converted into restricted share units. |
| 03/10/2024 | Date of underlying equity grant for some of the acquired RSUs. |
| 03/21/2024 | Date of the reported transaction (acquisition of dividend equivalents). |
| 03/25/2024 | Date of signature on the Form 4 filing. |
| 04/04/2024 | Vesting date for some of the acquired RSUs. |
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