Martin Lippert - Director | Jackson Financial (JXN) Executive Profile & Compensation

About Martin J. Lippert

Independent director of Jackson Financial Inc. (JXN), age 65, serving since September 2021. Former EVP of Global Technology & Operations at MetLife with prior senior roles at Citi, Royal Bank of Canada, and BNY Mellon; core credentials include enterprise technology, cybersecurity, operations, and risk management across global financial institutions. Lippert is independent under NYSE standards; he serves on the Finance & Risk Committee and the Nominating & Governance Committee .

Past Roles

Organization	Role	Tenure	Committees/Impact
MetLife, Inc.	EVP, Global Technology & Operations	2011–2019	Led global tech/operations; risk management and digital strategy oversight
Citi	Chief Operations & Technology Officer	2008–2009	Enterprise operations and technology leadership
Royal Bank of Canada	Vice Chairman	1997–2008	Senior leadership; oversight of risk and operations
BNY Mellon	EVP, Information Management & Research	1981–1997	Information management leadership

External Roles

Organization	Role	Tenure	Committees/Impact
Freddie Mac	Special Adviser	2009–2010	Advisory role on operations/technology
Trillium Health Systems	Director	2004–2009	Board service
AOL Canada	Chair	2000–2002	Board leadership
University of Pittsburgh	Board of Visitors	2018–present	Advisory/oversight
New Leaders	Director	2010–present	Nonprofit governance
Nile Global Inc.	Advisory Board Member	2020–present	Technology advisory

Board Governance

Attribute	Detail
Independence	Independent; all directors except the CEO are independent under NYSE standards
Committees	Finance & Risk; Nominating & Governance (not a chair)
Committee Oversight Links	Finance & Risk oversees risk framework, capital, ALM, cybersecurity (CISO briefings, testing, insurance); N&G oversees governance, succession, corporate responsibility, human capital
Attendance	Board met 9 times in 2024; committees met 27 times; each director attended ≥75% of meetings; all directors attended the 2024 annual meeting
Executive Sessions	Independent directors meet in executive sessions at Board and committee meetings

Fixed Compensation

Component	2024 Policy	2024 Actuals (Lippert)
Annual Cash Retainer	$125,000 (non-employee directors)	$122,547 (elected equity in lieu of cash retainer; amount reflects grant-date fair value of RSUs in lieu of cash)
Annual Equity Retainer (intended value)	$165,000 (RSUs or restricted shares)	$161,786 (RSUs; grant-date fair value)
Committee Chair Fees	Audit $35k; Comp $30k; Finance & Risk $35k; N&G $20k (Lippert not a chair)	$0 (no chair fees)
Director Total (CY 2024)	N/A	$284,333 (cash/equity as reported)

Notes:

RSU counts for retainers determined using $76.95 average closing price (10-day lookback) for June 1, 2024 grants; annual equity fair value computed using $75.46 on grant date .
Equity in lieu of cash retainer vests quarterly; annual equity retainer cliff vests at the earlier of first anniversary or next annual meeting; vested RSUs settle upon departure from Board .

Performance Compensation

Directors do not receive performance-based pay; equity is time-vested only (no options; no performance metrics). Vesting schedules:

Annual equity retainer: cliff vests at earlier of first anniversary or next annual meeting .
Equity in lieu of cash retainer: vests in equal quarterly installments .

Equity Award (as of 12/31/2024)	Units Unvested	Market Value
RSUs (incl. dividend equivalents)	3,032	$264,027 (at $87.08)

Other Directorships & Interlocks

No current public-company directorships disclosed; external roles listed above are advisory/nonprofit/academic. Related-party and interlock review disclosed immaterial relationships for certain other directors; none for Lippert .

Expertise & Qualifications

Executive leadership; business operations and strategy; financial services and insurance; legal/compliance awareness; technology and cybersecurity; risk management .
Executive education: Stanford Director’s Consortium (2024); BS in Business, University of Pittsburgh .

Equity Ownership

Ownership Measure	Amount	Notes
Common Shares	0	Direct holdings
Shares that may be acquired within 60 days	39,183.74	Includes stock equivalents/RSUs per company table
Unvested RSUs (12/31/2024)	3,032	Includes dividend equivalents
% of Common Shares	*	Less than 1%
Stock Ownership Guideline	5x annual cash retainer; all non-employee directors in compliance
Hedging/Pledging	Prohibited by policy; no director has hedged or pledged shares

Governance Assessment

Strengths:
- Independence, multi-committee service (Finance & Risk, N&G) aligns with deep technology/cyber and operations background, strengthening oversight of the risk framework and cybersecurity posture (regular CISO reports, third-party assessments, incident exercises) .
- Attendance and engagement thresholds met; Board operates with independent chair, executive sessions, and robust evaluation/education (including technology and cybersecurity briefings) .
- Director pay structure emphasizes equity, quarterly vesting for cash-in-lieu choices, and deferred settlement upon departure; strong ownership guidelines and hedging/pledging bans support alignment .
Potential conflicts/RED FLAGS:
- No related-party transactions disclosed for Lippert; no loans; no hedging/pledging; outside public board service limit is three and not implicated here .
- Mandatory retirement age is 75 (Lippert 65), providing runway while enabling planned refreshment .
Investor confidence signals:
- Governance framework features independent committees, majority voting, shareholder special meeting rights, and strong say-on-pay outcomes (98% support in 2024), indicative of shareholder alignment and oversight rigor .

Appendix: Committee Responsibilities (Context)

Finance & Risk: Oversees risk framework/appetite, capital/liquidity, ALM, investment portfolio, cybersecurity updates and control testing .
Nominating & Governance: Board composition, independence, succession planning (CEO, Chair, committee chairs), corporate responsibility, human capital oversight .