[Form 4] Jackson Financial Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lawton Drew, a director of Jackson Financial Inc. (JXN), reported a Section 16 transaction dated 09/25/2025 showing 214.78 shares of Common Stock acquired as dividend equivalent units (DEUs) on restricted share units and unvested restricted stock. The transaction is recorded at a $0.00 price, and the filing reports 27,644.49 shares beneficially owned following the award. The DEUs are stated to be subject to the same terms and conditions as the underlying equity awards. The Form 4 was signed via power of attorney on 09/29/2025.

Positive

• Received 214.78 DEUs that increase reported insider ownership to 27,644.49 shares
• DEUs follow existing award terms, indicating consistent compensation mechanics

Negative

• Transaction reported at $0.00, showing these were non-cash awards rather than purchases
• Incremental change is modest and does not materially alter ownership percentage

Insights

Corporate Governance Expert

TL;DR: Reported acquisition reflects routine equity compensation mechanics, adding DEUs that follow existing award terms.

The Form 4 documents an issuance of 214.78 dividend equivalent units to an insider that mirror the terms of underlying restricted awards. This is a compensation-related adjustment rather than an open-market purchase or sale. The filing shows current beneficial ownership of 27,644.49 shares, which is useful for monitoring insider alignment with shareholders. The use of a power of attorney to file is routine for administrative convenience.

Securities Analyst

TL;DR: Transaction recorded at $0.00 confirms these are non-cash dividend equivalents increasing reported insider holdings modestly.

The entry lists a $0.00 price and identifies the shares as dividend equivalent units (DEUs), indicating the award is non-cash compensation tied to existing restricted stock units. The incremental amount, 214.78 shares, is small relative to total position but increases disclosed insider stake to 27,644.49 shares. No derivative activity or cash disposals are reported.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lawton Drew

(Last) (First) (Middle)

1 CORPORATE WAY

(Street)

LANSING MI 48951

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Jackson Financial Inc. [ JXN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	09/25/2025		A		214.78	A	$0.00	27,644.49	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares reflect additional restricted share units received as dividend equivalent units ("DEUs") on restricted share units and unvested restricted stock. The DEUs are subject to the same terms and conditions as the underlying equity awards on which they accrue.

Remarks:

Power of Attorney on file.

	/s/ Kristan L. Richardson, as Attorney-in-Fact	09/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Lawton Drew report on Form 4 for JXN?

He reported the acquisition of 214.78 shares as dividend equivalent units (DEUs) on 09/25/2025, bringing beneficial ownership to 27,644.49 shares.

Were any shares purchased for cash in this Form 4 (JXN)?

No. The transaction is recorded at a $0.00 price, indicating the shares were granted as DEUs, not bought with cash.

What is the nature of the securities acquired in this filing?

The filing states the securities are dividend equivalent units (DEUs) credited on restricted share units and unvested restricted stock and are subject to the same terms as the underlying awards.

When was the Form 4 signed and by whom?

The form was signed by Kristan L. Richardson as attorney-in-fact on 09/29/2025.

How many shares does Lawton Drew beneficially own after the transaction?

The Form 4 reports 27,644.49 shares beneficially owned following the reported transaction.