Jackson Financial (JXN) director receives 1,727 RSUs equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jackson Financial Inc. director Lawton Drew received an equity award as part of the 2026-2027 annual director compensation program. He acquired 1,727 restricted share units (RSUs) on common stock at a stated price of $0.00 per share, reflecting a non-cash grant rather than an open-market purchase.
The RSUs cliff vest on June 1, 2027, or at the next annual meeting of shareholders, whichever comes first. Once vested and upon the end of his board service, the RSUs will settle into an equivalent number of common shares on a 1-for-1 basis, with any fractional share paid in cash. After this award, Drew directly holds 29,813.94 shares of Jackson Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lawton Drew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,727 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,813.94 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,727 RSUs
Shares held after award: 29,813.94 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSUs granted
1,727 RSUs
Awarded June 1, 2026 as 2026-2027 Annual Director Compensation
Shares held after award
29,813.94 shares
Common stock directly held following the RSU grant
Grant price
$0.00 per share
Stated transaction price for the RSU-related common stock entry
RSU vesting date
June 1, 2027
Cliff vesting date or earlier next annual shareholder meeting
Key Terms
restricted share units ("RSUs"), cliff vest, Annual Director Compensation, settle in shares of common stock
4 terms
cliff vest financial
"The RSUs cliff vest on June 1, 2027, or the next Annual Meeting of Shareholders, whichever occurs earlier."
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
Annual Director Compensation financial
"RSUs granted on June 1, 2026, as part of the 2026-2027 Annual Director Compensation."
FAQ
What insider transaction did Jackson Financial (JXN) report for director Lawton Drew?
Jackson Financial reported that director Lawton Drew received 1,727 restricted share units as compensation. The award was granted on June 1, 2026, and represents a non-cash equity grant rather than an open-market stock purchase.
When do Lawton Drew’s Jackson Financial (JXN) RSUs vest?
The 1,727 restricted share units granted to Lawton Drew cliff vest on June 1, 2027 or at the next annual meeting of shareholders, whichever occurs earlier. Vesting must occur before the units can settle into common stock.
How will Lawton Drew’s Jackson Financial (JXN) RSUs settle once vested?
Upon the end of Lawton Drew’s service and after vesting, each RSU will settle into one share of Jackson Financial common stock. Any fractional share from the settlement will be paid out in cash according to the award terms.
Was cash paid for Lawton Drew’s Jackson Financial (JXN) RSU grant?
No cash changed hands for this award; the filing lists a transaction price of $0.00 per share. The 1,727 restricted share units were granted as part of Jackson Financial’s 2026-2027 annual director compensation program.