Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
Market Information
Jackson Financial's common stock is listed on the NYSE under the symbol, "JXN", and began trading on September 20, 2021. Prior to that date, there was no public trading market for our common stock. On February 14, 2024, the approximate number of shareholders of record at the close of business on that date was 55,000.
Equity Compensation Plans
Our table of equity compensation plans is incorporated from Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters in this Report.
Issuer Purchases of Equity Securities
Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program (1)
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions) (1)
October 1, 2023 - October 31, 2023
Share repurchase program 590,000 $ 38.38 590,000 $ 345
Employee transactions (2)
80,193 36.35 N/A N/A
November 1, 2023 - November 30, 2023
Share repurchase program 313,733 42.27 313,733 332
Employee transactions (2)
— — N/A N/A
December 1, 2023 - December 31, 2023
Share repurchase program 608,530 51.26 608,530 301
Employee transactions (2)
6,284 48.11 N/A N/A
Totals
Share repurchase program 1,512,263 1,512,263
Employee transactions (2)
86,477 N/A
1,598,740 1,512,263
(1) For more information on common stock repurchases, see Item 8. Note 24 - Equity of Notes to Consolidated Financial Statements included elsewhere in this Form 10-K.
(2) Includes shares withheld pursuant to the terms of awards under the Company's 2021 Omnibus Incentive Plan to offset tax withholding obligations that occur upon vesting and release of shares, which are treated as share repurchases. The value of the shares withheld is the closing price of common stock of Jackson Financial Inc. on the date the relevant transaction occurs.
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Part II | Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
Common Stock Performance Graph
The graph and table, below, compare the total return on our common stock with the total return on the S&P Global Ratings (“S&P”) 500, S&P 500 Insurance, S&P 500 Financials, and S&P Insurance Select Industry indices, respectively, between September 20, 2021 (the date that our common stock commenced regular way trading on the NYSE) through December 31, 2023. The graph and table show the total return on a hypothetical $100 investment in our shares of common stock and in each index, respectively, on September 20, 2021, including the reinvestment of all dividends.
9/20/2021 12/31/2021 12/31/2022 03/31/2023 06/30/2023 09/30/2023 12/31/2023
Jackson Financial Inc. 100 162.50 141.65 153.01 128.08 164.18 226.00
S&P 500 Index 100 109.37 88.11 94.30 102.13 98.40 109.46
S&P 500 Insurance Index 100 107.51 116.26 109.73 114.08 117.43 124.78
S&P 500 Financial Index 100 106.77 93.58 87.92 92.17 90.69 102.88
S&P Insurance Select Industry Index 100 106.97 108.77 104.55 108.47 112.87 120.00
Item 6. [Reserved]
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