Binioris Savvas Steve Panagiotis 4
4 · Jackson Financial Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Jackson Financial (JXN) EVP Panagiotis Sells Shares to Cover Taxes
What Happened
- Binioris Savvas Steve Panagiotis, EVP and Chief Risk Officer of Jackson Financial (JXN), had 15,716.75 shares withheld on March 10, 2026 to satisfy tax withholding related to vested restricted share units (RSUs) and performance share units (PSUs). The withheld shares were recorded as disposals at $108.87 per share, totaling approximately $1,711,083.
- On the same date he received an annual grant of 4,835 restricted share units (RSUs) (grant code A) at $0.00, which vest 1:1 in three equal tranches beginning on the first anniversary of the grant.
Key Details
- Transaction date: March 10, 2026; filing date: March 12, 2026 (filed timely within the Form 4 window).
- Disposal details (tax-withheld shares, code F) — all at $108.87:
- 1,562.56 shares → $170,116
- 10,935.18 shares → $1,190,513
- 1,988.92 shares → $216,534
- 1,230.09 shares → $133,920
- Total withheld/disposed: 15,716.75 shares → ~$1,711,083
- Award/grant: 4,835 RSUs granted (code A); vest 1:1 in three equal tranches starting one year from grant.
- Shares owned after the transaction: not stated in the filing.
- Footnotes: Withheld shares reflect tax withholding upon vesting of multiple prior awards (March 10, 2023 RSUs/PSUs tranches and subsequent RSU tranches). Fractional shares were applied to cover tax obligations. Power of attorney on file.
Context
- The disposals were tax-withholdings (transaction code F), not open-market sales — a common administrative action when RSUs/PSUs vest and taxes are due, so it does not necessarily signal a change in insider sentiment.
- The new RSU grant is a standard annual award that vests over three years; purchases would typically be a stronger signal of bullish conviction than tax-withholding disposals.
Insider Transaction Report
Form 4
Binioris Savvas Steve Panagiotis
EVP and Chief Risk Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-10$108.87/sh−1,562.56$170,116→ 46,070.66 total - Tax Payment
Common Stock
[F2]2026-03-10$108.87/sh−10,935.18$1,190,513→ 35,135.48 total - Tax Payment
Common Stock
[F3]2026-03-10$108.87/sh−1,988.92$216,534→ 33,146.56 total - Tax Payment
Common Stock
[F4]2026-03-10$108.87/sh−1,230.09$133,920→ 31,916.47 total - Award
Common Stock
[F5]2026-03-10+4,835→ 36,751.47 total
Footnotes (5)
- [F1]Shares withheld to pay the reporting person's tax withholding obligation upon vesting of the third and final tranche of the March 10, 2023, restricted share units ("RSUs"). The RSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F2]Shares withheld to pay the reporting person's tax withholding obligation upon cliff vesting of the earned March 10, 2023, performance share units ("PSUs"). The PSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F3]Shares withheld to pay the reporting person's tax withholding obligation upon vesting of the second tranche of the March 10, 2024, restricted share units ("RSUs"). The RSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F4]Shares withheld to pay the reporting person's tax withholding obligation upon vesting of the first tranche of the March 10, 2025, restricted share units ("RSUs"). The RSUs will convert 1:1 into common stock. Upon vesting, net shares were distributed and the related fractional share was applied to cover the tax obligation for the reporting person.
- [F5]Reflects the March 10, 2026, annual grant of restricted share units which vest on a 1:1 basis in three equal tranches, beginning on the first anniversary of the grant date.
Signature
/s/ Kristan L. Richardson, as Attorney-in-Fact|2026-03-12