Form 4: Jackson Financial Inc. Executive Raub Reports Share Disposals for Tax Obligations
SEC Form 4 Filing
Executive Vice President and Chief Risk Officer of Jackson Financial Inc., Christopher Raub, disposed of shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- Christopher Raub, EVP and Chief Risk Officer at Jackson Financial Inc., filed a Form 4 indicating the disposal of company shares.
- The disposals were made on November 21, 2024, to cover FICA tax obligations.
- These tax obligations arose from the accelerated vesting of Restricted Share Units (RSUs) granted in September 2023 and March 2024.
- A total of 110.10 shares were disposed of at $98.89 per share from the September 2023 grant.
- An additional 253.11 shares were disposed of at $98.89 per share from the March 2024 grant.
- The shares were withheld on a one-for-one basis with the vesting of the RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation and does not indicate any positive or negative sentiment. It is a neutral event.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any unusual activity or trend within the financial services industry.
Comparison to Industry Standards
- The disposal of shares to cover tax obligations upon vesting of restricted stock units is a standard practice across publicly traded companies.
- Many companies use similar methods to manage executive compensation and tax liabilities.
- The price of $98.89 per share is specific to Jackson Financial Inc. and would need to be compared to other financial services companies to determine if it is within the expected range.
Stakeholder Impact
- The share disposals have a minor impact on the total number of shares outstanding.
- The disposals are part of the executive compensation plan and are not expected to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/10/2023 | Date of mid-cycle grant of Restricted Share Units (RSUs). |
| 03/10/2024 | Date of annual grant of Restricted Share Units (RSUs). |
| 11/21/2024 | Date of share disposals to cover FICA taxes. |
| 11/25/2024 | Date the Form 4 was signed. |
Keywords
Form 4, Jackson Financial Inc., share disposal, restricted stock units, RSU, FICA taxes, executive compensation, insider trading
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