Jackson Financial (JXN) Director Gains 339.07 Shares as Dividend Equivalents

Rhea-AI Filing Summary

Martin J. Lippert, a director of Jackson Financial Inc. (JXN), reported an acquisition of additional common stock on 09/25/2025. The Form 4 shows a transaction coded A for 339.07 shares acquired at a price of $0.00, increasing his directly beneficially owned shares to 43,643.1. The filing explains these shares represent dividend equivalent units (DEUs) credited on restricted share units and unvested restricted stock; the DEUs are subject to the same terms and conditions as the underlying awards. The Form 4 was signed under power of attorney by Kristan L. Richardson on 09/29/2025.

Positive

• Director ownership increased by 339.07 shares to a total of 43,643.1, reflecting continued equity alignment with the company
• Transaction disclosed as DEUs on restricted share units and unvested restricted stock, showing standard compensation treatment and documentation

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 339.07 shares as dividend equivalents, modestly increasing direct ownership to 43,643.1.

The reported transaction is an in-kind award distribution rather than an open-market purchase, reflected by a $0.00 price and coded as an acquisition of dividend equivalent units on existing restricted awards. Such non-cash increases are routine for companies that pay dividend equivalents on equity awards; they do not affect company cash flows but slightly increase insider stake counts. From a share-count perspective the change is small relative to typical public company float, and no exercise or sale activity is reported.

Corporate Governance Expert

TL;DR: Transaction is administrative equity compensation vesting-related action, documented and signed under power of attorney.

The Form 4 discloses that the additional shares arose from DEUs tied to restricted share units and unvested restricted stock, indicating alignment of director compensation with long-term equity incentives. The filing includes an attorney-in-fact signature and a clear explanation of the nature of the units. There is no indication of departures from standard disclosure practices or of any sale or transfer that would raise 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
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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^*

Lippert Martin J

(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		339.07	A	$0.00	43,643.1	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 Jackson Financial (JXN) director Martin J. Lippert report on the Form 4?

He reported an acquisition of 339.07 common shares on 09/25/2025, increasing his directly beneficial ownership to 43,643.1.

Were the shares purchased or received as compensation in the JXN Form 4?

The shares were received as dividend equivalent units (DEUs) on restricted share units and unvested restricted stock, recorded at a price of $0.00.

Does the Form 4 for JXN show any sales or market transactions by the reporting person?

No. The filing reports an acquisition coded A and shows no disposals or sales.

Who signed the Form 4 for Martin J. Lippert and when?

The Form 4 was signed under power of attorney by Kristan L. Richardson on 09/29/2025.