Jackson Financial Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Recent Sales of Unregistered Securities. None. Repurchase of Equity by the Company. 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) April 1, 2024 - April 30, 2024 Share repurchase program 661,244 $ 66.56 661,244 $ 141 Employee transactions (2) 277,061 66.02 N/A N/A May 1, 2024 - May 31, 2024 Share repurchase program 193,541 72.35 193,541 127 Employee transactions (2) — N/A N/A N/A June 1, 2024 - June 30, 2024 Share repurchase program 439,688 71.66 439,688 95 Employee transactions (2) 7,922 73.24 N/A N/A Totals Share repurchase program 1,294,473 1,294,473 Employee transactions (2) 284,983 N/A 1,579,456 1,294,473 (1) On August 1, 2024, our Board of Directors authorized an increase of $750 million in our existing authorization to repurchase shares of our outstanding common stock as part of the Company's share repurchase program. As of August 1, 2024, the Company had remaining authorization to purchase $806 million of its common shares. For more information on common stock repurchases, see Note 19 - Equity of the Notes to Condensed Consolidated Financial Statements included elsewhere in this report . (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; or, if the shares vest on a non-trading day, then the value of the shares withheld is based on the closing stock price from the trading day immediately prior to the vesting date. 126