Gregory Durant
Director at JXN
Board
About Gregory T. Durant
Independent director since September 2021; age 66. Audit Committee Chair and member of the Compensation Committee. Former Deloitte LLP Vice Chairman (2019–2021), Deputy CEO (2015–2019), and National Managing Partner, Clients & Industries (2011–2013). MBA, University of Chicago Booth; BBA in Accounting, Western Michigan University; CPA (AICPA member) . The Board determined all directors other than the CEO are independent under NYSE standards; the Board also determined Durant qualifies as an “audit committee financial expert” .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Deloitte LLP | Vice Chairman | 2019–2021 | Senior executive oversight; policy and government relations |
| Deloitte LLP | Deputy Chief Executive Officer | 2015–2019 | Enterprise leadership; risk and governance exposure |
| Deloitte LLP | National Managing Partner, Clients & Industries | 2011–2013 | Strategy and client portfolio management |
| Deloitte LLP | Director | 2005–2011 | Board-level governance |
| Deloitte Touche Tohmatsu | Director | 2006–2008 | Global network oversight |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Carnegie Hall Board of Trustees | Trustee | 2012–present | Finance & Operations Committee; Audit Committee |
| Univ. of Chicago Booth School of Business | Dean’s Advisory Council (member) | 2011–2020 | Strategic counsel to the dean |
| A Better Chance | Vice Chair | 2010–2020 | Non-profit leadership |
No current public company directorships disclosed for Durant; other directors’ independence assessments noted separately (no exceptions flagged for Durant) .
Board Governance
- Committee assignments: Audit Committee Chair; Compensation Committee member .
- Audit Committee met 10 times in 2024; Compensation Committee met 7 times; most committee meetings included executive sessions without management .
- Attendance: The Board met nine times in 2024; each current director attended at least 75% of Board and committee meetings and attended the 2024 annual meeting .
- Independence: All committee members are independent; Durant designated an “audit committee financial expert” by the Board .
- Shareholder engagement and communication mechanisms in place; independent Chair; robust governance practices including limits on outside board service and majority vote standards .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer (standard director) | $125,000 | Service Year runs June 1–May 31 |
| Committee chair cash retainers | Audit: $35,000; Compensation: $30,000; Finance & Risk: $35,000; Nominating & Governance: $20,000 | Compensation Committee chair retainer increased to $30,000 effective June 1, 2024 |
| Annual equity retainer (intended value) | $165,000 (director); $330,000 (Board Chair) | Delivered in RSUs or restricted shares; grant date June 1, 2024 reference average price $76.95 for share count |
| 2024 Director Compensation (Calendar Year) | Fees Earned or Paid in Cash | Stock Awards | All Other Compensation | Total |
|---|---|---|---|---|
| Gregory T. Durant | $160,000 | $161,786 | $0 | $321,786 |
- Vesting and settlement: Annual equity retainer cliff vests at the earlier of first anniversary of grant or next annual meeting; equity elected in lieu of cash vests in equal quarterly installments; RSUs settle one-for-one in common stock upon director’s departure from the Board .
Performance Compensation
- Director compensation uses cash retainers and time-based equity (RSUs/restricted shares); no performance-based metrics or options for directors are disclosed .
| Performance Component | Metrics | Status |
|---|---|---|
| Director equity awards | None (time-based vesting) | Not applicable to director pay |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Public company boards | None disclosed for Durant |
| Notable affiliations (non-public) | Deloitte LLP/Deloitte Touche Tohmatsu boards; Carnegie Hall Trustee; Booth Dean’s Advisory Council; A Better Chance Vice Chair |
| Interlocks/conflicts | Board’s independence analysis discussed immaterial relationships for other directors; no material relationships or independence concerns disclosed for Durant |
Expertise & Qualifications
- Executive leadership; audit and financial reporting expertise; corporate governance; finance and capital markets; investment management; human capital; financial services .
- Board skills matrix identifies audit expertise and governance among prioritized competencies for JXN’s Board composition .
Equity Ownership
| Holder | Common Shares | Shares Acquirable Within 60 Days | Percent of Common Shares |
|---|---|---|---|
| Gregory T. Durant | 7,500.00 | 24,956.39 | * |
| Unvested Director Equity (as of Dec 31, 2024) | Number of Unvested RSUs/Restricted Shares | Market Value (@$87.08) |
|---|---|---|
| Gregory T. Durant | 2,199 | $191,489 |
- Ownership guidelines: Directors must reach ≥5× annual cash retainer within five years; all Non-Employee Directors are in compliance .
- Hedging/pledging: Prohibited for directors and executive officers; no directors have hedged or pledged shares .
Recent Insider Trades (Form 4)
| Filing Date | Transaction Date | Type | Quantity | Post-Transaction Ownership | SEC Filing |
|---|---|---|---|---|---|
| 2025-09-29 | 2025-09-25 | A (Award) | 214.78 | 35,144.49 | |
| 2025-06-30 | 2025-06-26 | A (Award) | 245.32 | 34,929.71 |
Governance Assessment
- Strengths: Independent status; Audit Committee Chair with “financial expert” designation; strong audit and governance credentials from Deloitte tenure; robust attendance policy met; most committee sessions held in executive session, enhancing oversight quality .
- Alignment: Meaningful equity exposure via RSUs; in-compliance with 5× retainer stock ownership guideline; hedging/pledging prohibited, reinforcing alignment .
- Compensation structure: Balanced mix of cash retainer and time-based equity; clear vesting mechanics; no performance-linked director compensation mitigating pay complexity and potential misalignment .
- Potential conflicts: No public company board roles or related-party transactions flagged for Durant; Board policy and case-by-case review framework in place; ordinary-course transactions involving affiliates assessed as immaterial under NYSE standards (examples involve other directors, not Durant) .
- Committee rigor: Audit met 10×; Compensation 7×; Audit report reflects robust engagement with KPMG on ICFR and auditor independence; Compensation Committee uses independent consultant Mercer with no conflicts identified .
RED FLAGS: None disclosed specific to Durant (no hedging/pledging, no related-party transactions, no attendance shortfall). Continued monitoring of director equity awards and insider transactions recommended to track ownership alignment over time .