Form 4: Jackson Financial Inc. Executive Romine Scott Reports Changes in Beneficial Ownership
SEC Form 4 Filing
President and CEO of JNLD, Scott Romine, reports changes in beneficial ownership of Jackson Financial Inc. stock due to tax withholding obligations and the granting of restricted share units.
Summary
- On March 10, 2025, Scott Romine, President and CEO of JNLD, reported changes in beneficial ownership of Jackson Financial Inc. common stock.
- These changes are primarily due to the withholding of shares to cover tax obligations upon the vesting of restricted share units (RSUs) and performance share units (PSUs).
- Specifically, shares were withheld to cover tax obligations related to the vesting of RSUs from grants made on March 10, 2022, March 10, 2023, and March 10, 2024, as well as PSUs from March 10, 2022.
- Additionally, Romine was granted 9,024 restricted share units (RSUs) on March 10, 2025, which will vest in three equal annual installments.
- The price per share for the withholding was $81.19.
- After these transactions, Romine directly owns 76,597.55 shares of Jackson Financial Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and doesn't indicate any significant concerns. The granting of new RSUs is a positive sign.
Positives
- The granting of 9,024 RSUs to Scott Romine indicates continued investment in the company's leadership.
Future Outlook
The 9,024 RSUs granted on March 10, 2025, will vest in three equal annual installments, beginning on the first anniversary of the grant date.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders. The vesting of RSUs and PSUs is a common practice in executive compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Date of original restricted share units (RSUs) and performance share units (PSUs) grants. |
| 03/10/2023 | Date of second tranche of restricted share units (RSUs) grants. |
| 03/10/2024 | Date of first tranche of restricted share units (RSUs) grants. |
| 03/10/2025 | Date of transaction and grant of new restricted share units (RSUs). |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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