Jackson Financial (NYSE: JXN) director granted 173.61 dividend-equivalent RSUs

Rhea-AI Filing Summary

Jackson Financial Inc. director Noles Russell G received a grant of 173.61 shares of Common Stock at a price of $0.00 per share. These shares represent additional restricted share units issued as dividend equivalent units on existing restricted share units and are subject to the same terms and conditions as the original awards. Following this compensation-related acquisition, the director directly holds a total of 36,294.57 shares of Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Noles Russell G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	173.61	$0.00	--

Holdings After Transaction: Common Stock — 36,294.57 shares (Direct)

Footnotes (1)

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Key Figures

Restricted share units granted: 173.61 shares Total shares after transaction: 36,294.57 shares Grant price per share: $0.00 per share

3 metrics

Restricted share units granted 173.61 shares Dividend equivalent units on restricted share units, code A grant

Total shares after transaction 36,294.57 shares Common Stock directly held by Noles Russell G after acquisition

Grant price per share $0.00 per share Compensation-related equity grant, non-cash acquisition

Key Terms

restricted share units, dividend equivalent units ("DEUs"), equity awards

3 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 ("DEUs") financial

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

equity awards financial

"same terms and conditions as the underlying equity awards on which they accrue"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

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^*

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)
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		173.61	A	$0.00	36,294.57	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	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 JXN director Noles Russell G report?

Director Noles Russell G reported acquiring 173.61 shares of Jackson Financial Inc. common stock. These were issued as additional restricted share units, reflecting dividend equivalent units on existing restricted share unit awards and treated under the same terms as the original equity grants.

Was the JXN Form 4 transaction a market purchase or a compensation grant?

The Form 4 transaction was a compensation-related grant, not a market purchase. Noles Russell G received 173.61 shares at $0.00 per share as restricted share units credited as dividend equivalent units on existing restricted share unit awards.

How many JXN shares does Noles Russell G own after this Form 4 transaction?

After the reported transaction, Noles Russell G directly holds 36,294.57 shares of Jackson Financial Inc. common stock. This total reflects the addition of 173.61 dividend equivalent restricted share units to his prior directly held share balance reported in the filing.

What are dividend equivalent units (DEUs) mentioned in the JXN filing?

Dividend equivalent units, or DEUs, are additional restricted share units granted to mirror dividends on underlying awards. In this case, DEUs were credited on existing restricted share units and are subject to the same terms and conditions as those original equity awards for the director.

Does the JXN Form 4 show any insider share sales by Noles Russell G?

The Form 4 shows only an acquisition of 173.61 restricted share units and no sales. The transaction code is “A,” described as a grant, award, or other acquisition, and the transaction summary indicates no reported sales or dispositions in this filing.

What transaction code appears in the JXN Form 4 for Noles Russell G?

The transaction is coded “A,” which the filing describes as a grant, award, or other acquisition. This indicates the director received additional restricted share units, rather than buying shares on the open market or selling any existing holdings in this report.