Form 4: Jackson Financial Inc. Executive VP and CFO Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Marcia Lynn Wadsten, EVP and CFO of Jackson Financial Inc., reports the withholding of shares to cover tax obligations upon vesting of restricted and performance share units.
Summary
- On April 4, 2024, Marcia Lynn Wadsten, the EVP and CFO of Jackson Financial Inc., reported changes in beneficial ownership of the company's common stock.
- These changes resulted from the withholding of shares to cover tax obligations related to the vesting of restricted share units and performance share unit awards.
- Specifically, 4,712.77 shares were withheld at a price of $66.02 to cover tax obligations upon the vesting of the third and final tranche of the October 4, 2021 Restricted Share Unit Award, resulting in a remaining balance of 215,067.6 shares.
- Additionally, 19,914.81 shares were withheld at a price of $66.02 to cover tax obligations upon the vesting of the October 4, 2021 Performance Share Unit Award, resulting in a remaining balance of 195,152.79 shares.
Sentiment
Score: 5
Explanation: This is a neutral report on standard executive compensation practices and does not indicate positive or negative sentiment.
Industry Context
This is a standard SEC filing related to changes in beneficial ownership by a company executive, which is common practice and provides transparency to investors.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to internal executive compensation and tax obligations.
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 report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.