Form 4: Jackson Financial Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Don W. Cummings, SVP and CAO of Jackson Financial Inc., reports changes in beneficial ownership due to tax withholding obligations upon vesting of restricted and performance share units.
Summary
- On April 4, 2024, Don W. Cummings, SVP and CAO of Jackson Financial Inc., reported changes in beneficial ownership of common stock.
- 1,071.22 shares were withheld at a price of $66.02 to cover tax obligations upon vesting of the final tranche of the October 4, 2021 Restricted Share Unit Award, resulting in a new total of 48,409.43 shares owned.
- An additional 4,143.23 shares were withheld at $66.02 to cover tax obligations upon vesting of the October 4, 2021 Performance Share Unit Award, resulting in a new total of 44,266.2 shares owned.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation and does not convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not indicate any specific trend in the broader financial industry.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to internal executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| October 4, 2021 | Date of the Restricted Share Unit Award and Performance Share Unit Award. |
| April 4, 2024 | Date of the reported transactions (share withholding for tax obligations). |
| April 8, 2024 | Date of signature for the Form 4 filing. |
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