Jackson Financial (NYSE: JXN) EVP granted dividend-equivalent share units

Rhea-AI Filing Summary

Raub Christopher reported acquisition or exercise transactions in this Form 4 filing.

Jackson Financial Inc. Executive Vice President Christopher Raub received equity-based compensation in the form of additional common shares on March 26, 2026. The Form 4 shows several small grants of common stock at a price of $0.00 per share, reflecting awards rather than open-market purchases.

Footnotes explain these are dividend equivalents credited as restricted share units and performance share units, tied to prior equity grants made on various dates from September 10, 2023 through March 10, 2026. Following these awards, Raub directly holds about 47,276 shares of common stock.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Raub Christopher

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14.4	$0.00	--
Grant/Award	Common Stock	95.56	$0.00	--
Grant/Award	Common Stock	22.06	$0.00	--
Grant/Award	Common Stock	30.55	$0.00	--
Grant/Award	Common Stock	34.34	$0.00	--
Grant/Award	Common Stock	63.89	$0.00	--

Holdings After Transaction: Common Stock — 47,029.86 shares (Direct)

Footnotes (1)

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. Acquired dividend equivalents in the form of performance share units that are subject to the same terms and conditions as the underlying equity granted to the reporting person on September 10, 2023. 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. 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. 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. 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, 2026.

Key Figures

Shares acquired via awards: 260.8 shares Post-award holdings: 47,276.26 shares Largest single award: 95.56 shares +1 more

4 metrics

Shares acquired via awards 260.8 shares Total common stock granted as dividend-equivalent awards on March 26, 2026

Post-award holdings 47,276.26 shares Direct common stock ownership after March 26, 2026 awards

Largest single award 95.56 shares Biggest individual dividend-equivalent grant of common stock on March 26, 2026

Award price per share $0.00 per share Indicates non-cash grant/award acquisition, not market purchase

Key Terms

restricted share units, performance share units, dividend equivalents, Executive Vice President

4 terms

restricted share units financial

"Acquired dividend equivalents in the form of restricted share units that are subject to the same terms and conditions"

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.

performance share units financial

"Acquired dividend equivalents in the form of performance share units that are subject to the same terms and conditions"

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

dividend equivalents financial

"Acquired dividend equivalents in the form of restricted share units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Executive Vice President financial

"Reporting person’s officer title is listed as Executive Vice President"

An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.

Form 4 Insider Transactions: What Each Field Means →

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^*

Raub Christopher

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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)	03/26/2026		A		14.4	A	$0.00	47,029.86	D
Common Stock(2)	03/26/2026		A		95.56	A	$0.00	47,125.42	D
Common Stock(3)	03/26/2026		A		22.06	A	$0.00	47,147.48	D
Common Stock(4)	03/26/2026		A		30.55	A	$0.00	47,178.03	D
Common Stock(5)	03/26/2026		A		34.34	A	$0.00	47,212.37	D
Common Stock(6)	03/26/2026		A		63.89	A	$0.00	47,276.26	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 September 10, 2023.

2. Acquired dividend equivalents in the form of performance share units that are subject to the same terms and conditions as the underlying equity granted to the reporting person on September 10, 2023.

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, 2024.

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 March 10, 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 May 9, 2025.

6. 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, 2026.

Remarks:

Power of Attorney on file.

	/s/ Kristan L. Richardson, as Attorney-in-Fact	03/30/2026
	** 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 Christopher Raub?

Jackson Financial reported that Executive Vice President Christopher Raub received several small equity awards on March 26, 2026. These awards were granted at $0.00 per share as dividend-equivalent restricted and performance share units tied to earlier equity grants, increasing his direct common stock holdings.

How many Jackson Financial (JXN) shares does Christopher Raub hold after this Form 4?

After the March 26, 2026 transactions, Christopher Raub directly holds approximately 47,276 shares of Jackson Financial common stock. This figure reflects his updated ownership after receiving dividend-equivalent equity awards credited as restricted share units and performance share units.

Were the recent JXN insider transactions open-market buys or compensation awards?

The reported JXN insider transactions are compensation awards, not open-market purchases. All entries use transaction code “A” for grants or awards at $0.00 per share, representing dividend-equivalent restricted and performance share units linked to existing equity awards.

What is a dividend equivalent in the Jackson Financial (JXN) Form 4 filing?

In this JXN filing, dividend equivalents are additional restricted or performance share units credited when dividends are paid on underlying shares. They follow the same terms and conditions as the original equity grants, effectively reinvesting dividends into extra share units for the executive.

Which prior equity grants are referenced in the JXN insider dividend-equivalent awards?

The dividend-equivalent awards reference underlying equity grants made to Christopher Raub on September 10, 2023, March 10, 2024, March 10, 2025, May 9, 2025, and March 10, 2026. Each new credit of share units follows the same terms as its corresponding original grant.