Jackson Financial Inc.
For the period ended May 23, 2024. Filed Apr 9, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 23, 2024 · Filed Apr 9, 2024
JXN$131.69-0.8%Stored close · as of Nov 6, 2026
Contents
Jackson Annual Bonus Program
Participants in the 2023 Jackson Annual Bonus Program are eligible to receive payouts at various thresholds based on achievements of certain performance measures established by the Compensation Committee at the beginning of each fiscal year.
For the 2023 performance year, our Compensation Committee approved the following quantitative and qualitative performance measures:
| · 2023 SHORT-TERM INCENTIVE PERFORMANCE METRICS · | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| | Goal | | | | Weighting | | | | Purpose | |
| | Pretax Adjusted Operating Earnings | | | | 60% | | | | Measures profitability Weighting increased to 60% from 40% in 2022 | |
| | Controllable Costs | | | | 20% | | | | Reflects the strong historical, cultural, and strategic focus on cost management Replaced prior metric of Excess Capital Generation, which is similar to the “Generation of Net Cash Flow Available to JFI” metric used for the LTI program and more appropriate for measurement over a multi-year period | |
| | Key Strategic Objectives | | | | 20% | | | | Encourages the achievement of various business objectives including balance sheet health, product distribution, and ESG initiatives • Balance Sheet Health ◦ Achieve operating company risk-based capital (RBC) levels within our targeted range, appropriately managed within our risk framework • Distribution Partners and Channels ◦ Increase number of advisors selling more than one product group ◦ Grow the number of new advisors who sell our products ◦ Increase the number of advisors with production meeting top producer status • ESG Objectives ◦ Grow and secure a competitive advantage by evolving our inclusive work culture through education, expansion of our diverse talent pools and building corporate accessibility strategies ◦ Reduce our impact to the environment through efficient water consumption, maintenance of energy star certifications, and use of renewable energy through our solar farm project ◦ Drive philanthropic efforts which engage our associates to volunteer in our local communities | |
| | 50 | | | | 2024 PROXY STATEMENT | | | |
|---|
| | Compensation Discussion and Analysis | |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.