[Form 4] Jackson Financial Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jackson Financial's Form 4 discloses that Craig D. Smith, identified as a director and as an officer (President and CEO of PPM America), reported a disposition of 2,500 shares of the company's common stock. The sale is recorded with a transaction code of S at a reported price of $91.67 per share.

The filing states the shares were sold from a brokerage account in the name of "Craig D. Smith TTEE Craig D. Smith TR dated May 8, 2003, U/A 5/8/03 FBO Craig D. Smith," where the reporting person is the trustee and beneficiary. The form notes a power of attorney on file and was signed by Koreen A. Ryan as attorney-in-fact. Table II lists no derivative transactions.

Positive

• Transparent disclosure of the insider sale including transaction code, share count, and per-share price
• Source of shares specified—sale executed from a trust where the reporting person is trustee and beneficiary
• Procedural compliance—power of attorney noted and form signed by an attorney-in-fact; Table II shows no derivatives

Negative

• Insider disposition of 2,500 common shares was reported, which investors may view as a selling signal despite limited context

Insights

Financial Analyst

TL;DR: A company insider reported a small common-stock sale from a personal trust; no derivatives disclosed, suggesting a routine disposition.

The Form 4 shows a single non-derivative sale of 2,500 shares at $91.67 per share by Craig D. Smith. The disclosure identifies the source as a brokerage account held in trust where Smith is trustee and beneficiary, which commonly reflects personal liquidity needs or portfolio rebalancing rather than corporate signals. No options, warrants, or other derivatives are reported, and the filing includes a power of attorney signature, indicating procedural completeness. For investors this filing documents insider selling but provides no additional operational or financial information about Jackson Financial.

Corporate Governance Expert

TL;DR: Proper Form 4 disclosure of an insider sale from a trust, executed and attested by an attorney-in-fact; governance procedures appear followed.

The disclosure names the reporting person and their relationship to the issuer and specifies the sale was executed from a trust account where the reporting person is trustee and beneficiary. The presence of a power of attorney and an attorney-in-fact signature demonstrates adherence to filing mechanics. There is no indication in this filing of any 10b5-1 trading plan box being checked or of coordinated group filings. From a governance standpoint, the form meets standard disclosure requirements but the filing itself does not raise material governance concerns.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Smith Craig Donald

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO PPM America

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		S		2,500	D	$91.67	109,200.39	D(1)

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. Shares were sold from the brokerage account in the name of Craig D. Smith TTEE Craig D. Smith TR dated May 8, 2003, U/A 5/8/03 FBO Craig D. Smith, where reporting person is the trustee and beneficiary.

Remarks:

Power of Attorney on file.

	/s/ Koreen A. Ryan, as Attorney-in-Fact	08/13/2025
	** 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 transaction did Craig D. Smith report for Jackson Financial (JXN)?

The Form 4 reports a sale (disposition) of 2,500 common shares of Jackson Financial at a reported price of $91.67 per share.

What is Craig D. Smith's relationship to JXN?

The filing identifies Craig D. Smith as a director and an officer (noted as President and CEO of PPM America) in relation to the issuer.

From which account were the shares sold?

The shares were sold from a brokerage account in the name of Craig D. Smith TTEE Craig D. Smith TR dated May 8, 2003, U/A 5/8/03 FBO Craig D. Smith, where the reporting person is trustee and beneficiary.

Are any derivative transactions or option exercises reported in this Form 4?

No. Table II lists no derivative securities acquired, disposed of, or beneficially owned in this filing.

Who signed the Form 4 on behalf of the reporting person?

The form was signed by Koreen A. Ryan as Attorney-in-Fact for the reporting person.