[Form 4] Jackson Financial Inc. Insider Trading Activity

Rhea-AI Filing Summary

Christopher Raub, Executive Vice President of Jackson Financial Inc. (JXN), reported acquisitions on 09/25/2025 of dividend equivalents paid in the form of restricted share units (RSUs) tied to prior equity grants. The Form 4 shows multiple non-derivative common stock entries recorded as acquisitions with reported amounts 30,261.57, 30,301.63, 30,344.99 and 30,377.49 shares following each transaction, and a derivative entry reflecting 2,815.4 RSUs underlying common stock acquired at a recorded price of $0.00. Explanations state these are dividend equivalents subject to the same terms as underlying equity grants dated March 10, 2023; September 10, 2023; March 10, 2024; March 10, 2025; and May 9, 2025. The filing was signed by an attorney-in-fact on behalf of the reporting person.

Insights

Corporate Governance Expert

TL;DR: Routine insider receipt of dividend equivalents as RSUs; disclosure is consistent with equity compensation practices.

The Form 4 documents the Executive Vice President's receipt of dividend equivalents converted into restricted share units tied to prior equity grants across multiple grant dates. This is a standard post-grant administrative event that increases the executive's reported beneficial holdings without any cash purchase. The filing provides specific share-equivalent amounts and identifies the underlying grant dates, supporting transparency in insider compensation reporting.

Securities Analyst

TL;DR: Non-material equity accruals reported; transaction values show $0.00 price, indicating dividend-equivalent issuance.

The entries list acquisitions with a recorded price of $0.00 and an explanatory note that these are dividend equivalents converted into RSUs. The Form 4 quantifies both non-derivative share-equivalents and derivative RSUs (2,815.4 RSUs), enabling investors to track dilution and insider holding changes. The disclosure appears procedural and does not evidence open-market purchases or sales.

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).

1. Name and Address of Reporting Person^*

Raub Christopher

(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)
	Executive Vice President

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		13.07	A	$0.00	30,261.57	D
Common Stock(2)	09/25/2025		A		40.06	A	$0.00	30,301.63	D
Common Stock(3)	09/25/2025		A		43.36	A	$0.00	30,344.99	D
Common Stock(4)	09/25/2025		A		32.5	A	$0.00	30,377.49	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
Restricted Share Units	(5)	09/25/2025		A		21.87		(5)	(5)	Common Stock	21.87	$0.00	2,815.4	D

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 September 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.

5. 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.

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.