Form 4: Jackson Financial Inc. Executive Romine Sells Shares to Cover Tax Obligations

Scott Romine, President and CEO of JNLD at Jackson Financial Inc., disposed of shares to cover tax withholding obligations upon vesting of restricted and performance share units.

Summary

• On April 4, 2024, Scott Romine, President and CEO of JNLD at Jackson Financial Inc., disposed of shares to cover tax obligations.
• 1,480.62 shares were withheld to cover tax obligations upon the vesting of the final tranche of the October 4, 2021 Restricted Share Unit Award at a price of $66.02.
• 6,279.9 shares were withheld to cover tax obligations upon the vesting of the October 4, 2021 Performance Share Unit Award at a price of $66.02.
• Following these transactions, Romine directly owns 95,359.39 shares of Jackson Financial Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share disposals for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term outlook on the company.

Key Dates