Director at Jackson Financial (JXN) receives 188-share equity award via DEUs

Rhea-AI Filing Summary

Jackson Financial Inc. director Noles Russell G reported an acquisition of additional equity-based compensation rather than an open‑market trade. On June 25, 2026, he received 188.86 shares of Common Stock at $0.00 per share, described as a grant, award, or other acquisition.

According to the footnote, these shares are dividend equivalent units credited on existing restricted share units and are subject to the same vesting and other terms as the underlying awards. After this award, his directly held position reported in this filing increased to 38,210.43 shares of Common Stock, reflecting a routine incremental adjustment to outstanding equity compensation rather than a discretionary stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Noles Russell G

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	188.86	$0.00	--

Holdings After Transaction: Common Stock — 38,210.43 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 188.86 shares Price per share: $0.00 per share Total holdings after transaction: 38,210.43 shares +2 more

5 metrics

Shares acquired 188.86 shares Grant/award acquisition on June 25, 2026

Price per share $0.00 per share Grant-type acquisition, not open-market trade

Total holdings after transaction 38,210.43 shares Common Stock directly owned after Form 4 transaction

Transactions classified as acquisitions 1 transaction Form 4 transaction summary for this filing

Derivative positions reported 0 Derivative summary shows no remaining derivatives in this filing

Key Terms

restricted share units, dividend equivalent units, DEUs, grant, award, or other acquisition

4 terms

restricted share units financial

"These shares reflect additional restricted share units received as dividend equivalent units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

dividend equivalent units financial

"received as dividend equivalent units ("DEUs") on restricted share units"

Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.

DEUs financial

"The DEUs are subject to the same terms and conditions as the underlying equity awards"

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 03:17 PM Accepted by SEC EDGAR 06/29/2026 - 03:17 PM Learn about SEC filing dates

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^*

Noles Russell G

(Last) (First) (Middle)

1 CORPORATE WAY

(Street)

LANSING MICHIGAN 48951

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	06/25/2026		A		188.86	A	$0.00	38,210.43	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. 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	06/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Jackson Financial (JXN) report for Noles Russell G?

Jackson Financial director Noles Russell G reported an acquisition of 188.86 shares of Common Stock as a grant or award, not an open-market trade. These shares are dividend equivalent units credited on existing restricted share units.

Was the JXN Form 4 transaction a stock purchase or sale in the market?

The Form 4 does not show a market purchase or sale. It records a grant-type acquisition of 188.86 shares at $0.00 per share, tied to dividend equivalent units on existing restricted share unit awards rather than a discretionary trade.

How many Jackson Financial shares does Noles Russell G hold after this Form 4?

After the reported acquisition, Noles Russell G holds 38,210.43 shares of Jackson Financial Common Stock directly. This figure includes the additional 188.86 shares received as dividend equivalent units on restricted share units, as disclosed in the filing.

What are dividend equivalent units (DEUs) in the Jackson Financial Form 4?

Dividend equivalent units, or DEUs, are additional restricted share units credited when dividends are paid on the underlying stock. In this filing, DEUs were added to existing restricted share units and are subject to the same terms and conditions as those awards.

Does the JXN Form 4 indicate any remaining derivative or option positions?

The filing’s derivative summary is empty, indicating no derivative transactions or remaining derivative positions are reported in this specific Form 4. The transaction solely involves additional Common Stock tied to existing restricted share unit awards through dividend equivalent units.

Is the Jackson Financial (JXN) insider transaction likely compensation-related?

Yes. The transaction is coded as a grant, award, or other acquisition at $0.00 per share, and the footnote explains it reflects dividend equivalent units on restricted share units, indicating a routine compensation-related adjustment rather than a strategic buy or sell decision.