Form 4: Jackson Financial Inc. Executive Vice President and General Counsel, Carrie Chelko, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Carrie Chelko, EVP and General Counsel of Jackson Financial Inc., reports the acquisition of restricted share units and the sale of common stock on September 19, 2024.
Summary
- On September 19, 2024, Carrie Chelko, the EVP and General Counsel of Jackson Financial Inc., reported changes in her beneficial ownership of the company's common stock.
- She acquired dividend equivalents in the form of Restricted Share Units (RSUs) related to equity grants from March 10, 2022, March 10, 2023 and March 10, 2024.
- These RSUs vest in three equal installments beginning on the first anniversary of the grant date, contingent upon continued employment.
- Upon vesting, full shares are distributed, and fractional shares are used to cover tax obligations.
- Chelko also sold 5,500 shares of common stock at a price of $91.31 per share.
- Following these transactions, Chelko beneficially owns 61,829.21 shares of Jackson Financial Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Jackson Financial Inc.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The sale of shares could slightly increase the available float.
Key Dates
| Date | Description |
|---|---|
| March 10, 2022 | Date of underlying equity grant for some of the acquired RSUs. |
| March 10, 2023 | Date of underlying equity grant for some of the acquired RSUs. |
| March 10, 2024 | Date of underlying equity grant for some of the acquired RSUs. |
| September 19, 2024 | Date of the reported transactions (acquisition of RSUs and sale of common stock). |
| September 23, 2024 | Date of signature for the report. |
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