[Form 4] Jackson Financial Inc. Insider Trading Activity

Rhea-AI Filing Summary

Binioris Savvas Steve Panagiotis, EVP and Chief Risk Officer of Jackson Financial Inc. (JXN), reported insider acquisitions dated 09/25/2025. The Form 4 shows four non‑derivative entries on that date reflecting acquisition of dividend equivalents delivered as restricted share units tied to prior equity grants dated March 10, 2023; March 10, 2024; March 10, 2025; and May 9, 2025. The reported amounts acquired are 28.85, 73.45, 71.05 and 5.9 (units), resulting in beneficial ownership totals of 22,921.41; 22,994.86; 23,065.91; and 23,071.81 shares, respectively, following each reported transaction. The transactions have a reported price of $0.00, and a Power of Attorney is on file with the filing signed by an attorney‑in‑fact on 09/29/2025.

Positive

• Executive alignment: Dividend equivalents credited as RSUs increase the reporting officer's ownership stake, aligning interests with shareholders.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider acquisition of dividend equivalent RSUs aligns an executive with shareholder interests; not materially market moving.

The filing reports the EVP and Chief Risk Officer receiving dividend equivalents in the form of restricted share units tied to prior equity grants across 2023–2025. These units were recorded at zero cash price, reflecting grant adjustments rather than open‑market purchases. For governance purposes this is a standard equity compensation mechanics item that increases the officer's beneficial holdings modestly and reinforces long‑term alignment with shareholders. No disposals, exercises, or cash purchases are reported, and the activity does not indicate change in control or significant strategy shift.

Compensation & Benefits Analyst

TL;DR: Compensation‑driven accrual of RSU dividend equivalents; confirms ongoing use of equity incentives.

The Form 4 details allocation of dividend equivalents as restricted share units tied to specific grant dates (03/10/2023, 03/10/2024, 03/10/2025, 05/09/2025). The reported units and resulting beneficial ownership levels suggest routine vesting/crediting events under the company's equity plan rather than new cash‑based compensation. The $0.00 price entries are consistent with dividend equivalent crediting. This is informative for modeling insider stake but not an earnings or liquidity event.

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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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).

1. Name and Address of Reporting Person^*

Binioris Savvas Steve Panagiotis

(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)
	EVP and Chief Risk Officer

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		28.85	A	$0.00	22,921.41	D
Common Stock(2)	09/25/2025		A		73.45	A	$0.00	22,994.86	D
Common Stock(3)	09/25/2025		A		71.05	A	$0.00	23,065.91	D
Common Stock(4)	09/25/2025		A		5.9	A	$0.00	23,071.81	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. Acquired dividend equivalents in the form of restricted share units that are subject to the same terms and conditions as the underlying equity granted to the reporting person on March 10, 2023.

2. Acquired dividend equivalents in the form of restricted share units that are subject to the same terms and conditions as the underlying equity granted to the reporting person on March 10, 2024.

3. Acquired dividend equivalents in the form of restricted share units that are subject to the same terms and conditions as the underlying equity granted to the reporting person on March 10, 2025.

4. Acquired dividend equivalents in the form of restricted share units that are subject to the same terms and conditions as the underlying equity granted to the reporting person on May 9, 2025.

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 transactions did JXN insider Binioris Savvas Steve Panagiotis report on Form 4?

The insider reported acquisitions dated 09/25/2025 of dividend equivalents credited as restricted share units tied to grants from 03/10/2023, 03/10/2024, 03/10/2025, and 05/09/2025.

How many units were acquired and what were the resulting beneficial ownership totals?

The reported acquisitions were 28.85, 73.45, 71.05, and 5.9 units, producing beneficial ownership totals of 22,921.41, 22,994.86, 23,065.91, and 23,071.81 shares respectively.

Did the Form 4 report any cash purchases or dispositions by the insider?

No. Each entry shows a reported price of $0.00, indicating these were credited dividend equivalents rather than cash purchases or dispositions.

What is the reporting person's role at Jackson Financial (JXN)?

The reporting person is listed as EVP and Chief Risk Officer and is filing as an individual reporting person.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Kristan L. Richardson, as Attorney-in-Fact on 09/29/2025, and a Power of Attorney is on file.