[Form 4] Jackson Financial Inc. Insider Trading Activity

Rhea-AI Filing Summary

Derek G. Kirkland, a director of Jackson Financial Inc. (JXN), reported an acquisition of 99.61 shares of common stock on 09/25/2025 as dividend equivalent units (DEUs) credited on restricted share units and unvested restricted stock. The DEUs were issued at a price of $0.00 and are subject to the same terms and conditions as the underlying awards. After the transaction, Mr. Kirkland beneficially owns 44,354.71 shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/29/2025, and a power of attorney is on file.

Positive

• 99.61 shares received as dividend equivalent units (DEUs) on restricted awards
• Beneficial ownership of 44,354.71 shares reported after the transaction
• DEUs subject to same terms as the underlying restricted share units and unvested restricted stock

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 99.61 DEU shares, raising beneficial ownership to 44,354.71 shares; transaction appears routine and non-cash.

The filing documents a non-cash issuance of 99.61 shares as dividend equivalent units tied to existing restricted awards. The transaction price is reported as $0.00, consistent with DEUs credited to equity compensation rather than an open-market purchase. The resulting beneficial ownership figure is explicitly stated. There is no disclosure of sale, pledge, or change in control implications in this Form 4.

Corporate Governance Expert

TL;DR: This is a standard equity-compensation accrual reported under Section 16; governance implications are routine.

The report indicates DEUs accrued on restricted share units and unvested restricted stock and confirms the DEUs follow the same terms as the underlying awards. The form is signed by an attorney-in-fact and notes a power of attorney is on file, which is a common administrative practice for insider filings. No governance issues or material changes to board ownership are disclosed in this filing.

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^*

Kirkland Derek G

(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		99.61	A	$0.00	44,354.71	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 JXN director Derek G. Kirkland report on Form 4?

He reported an acquisition of 99.61 shares as dividend equivalent units (DEUs) on 09/25/2025.

How many JXN shares does Derek G. Kirkland beneficially own after the reported transaction?

The Form 4 states he beneficially owns 44,354.71 shares following the transaction.

Was the acquisition of JXN shares a cash purchase?

No. The DEUs were issued at a reported price of $0.00, indicating a non-cash issuance tied to equity awards.

When was the Form 4 for JXN signed and by whom?

The form was signed by an attorney-in-fact, Kristan L. Richardson, on 09/29/2025; a power of attorney is on file.

What are the DEUs described in the filing?

The filing states the DEUs are dividend equivalent units received on restricted share units and unvested restricted stock and follow the same terms as the underlying awards.