4//SEC Filing
DEMETRIOU STEVEN J. 4
Accession 0000950170-24-108476
CIK 0000052988other
Filed
Sep 19, 8:00 PM ET
Accepted
Sep 20, 5:13 PM ET
Size
16.5 KB
Accession
0000950170-24-108476
Insider Transaction Report
Form 4
DEMETRIOU STEVEN J.
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Performance Stock Units
2024-09-18−15,646→ 0 totalExercise: $0.00→ Common Stock (15,646 underlying) - Exercise/Conversion
Performance Stock Units
2024-09-18−12,501→ 0 totalExercise: $0.00→ Common Stock (12,501 underlying) - Tax Payment
Common Stock
2024-09-18$145.54/sh−10,050$1,462,677→ 527,826 total - Exercise/Conversion
Common Stock
2024-09-18+12,501→ 555,285 total - Exercise/Conversion
Common Stock
2024-09-18+15,646→ 542,784 total - Tax Payment
Common Stock
2024-09-18$145.54/sh−17,409$2,533,706→ 537,876 total
Holdings
- 23,550(indirect: By Spouse)
Common Stock
Footnotes (7)
- [F1]Represents distribution of Jacobs common stock upon vesting of performance stock units awarded on November 17, 2021 pursuant to the Jacobs Stock Incentive Plan.
- [F2]The number of performance stock units that vested, and therefore the number of shares of Jacobs common stock issued upon vesting, represents 63.2% of the number of performance stock units originally awarded on November 17, 2021, based on the Company's earnings per share (EPS) growth over the three-year performance period, with such percentages determined in accordance with the Employee Matters Agreement (the "EMA"), dated November 20, 2023, entered into by and between the issuer, Amazon Holdco Inc., and Amentum Parent Holdings LLC ("Amentum") in connection with the spin-off distribution of the issuer's Critical Mission Solutions and Cyber & Intelligence government services businesses and the merger of these businesses with Amentum (the "Transaction"). Per the EMA, performance stock units scheduled to vest in November 2024 received service credit for the full performance period.
- [F3]The number of performance stock units that vested, and therefore the number of shares of Jacobs common stock issued upon vesting, represents 50.5% of the number of performance stock units originally awarded on November 17, 2021 based on the Company's average return on invested capital (ROIC) over the three-year performance period, with such percentage determined in accordance with the EMA entered into by the issuer, Amazon Holdco Inc., and Amentum in connection with the Transaction. Per the EMA, performance stock units scheduled to vest in November 2024 received service credit for the full performance period.
- [F4]Represents number of shares of Jacobs common stock tendered for tax withholding upon vesting of restricted stock units pursuant to the Jacobs Stock Incentive Plan.
- [F5]Represents number of shares of Jacobs common stock tendered for tax withholding on distribution of Jacobs common stock upon vesting of performance stock units.
- [F6]Each performance stock unit represented a contingent right to receive one share of Jacobs common stock.
- [F7]The performance stock units vested on September 18, 2024.
Documents
Issuer
JACOBS SOLUTIONS INC.
CIK 0000052988
Entity typeother
Related Parties
1- filerCIK 0001173003
Filing Metadata
- Form type
- 4
- Filed
- Sep 19, 8:00 PM ET
- Accepted
- Sep 20, 5:13 PM ET
- Size
- 16.5 KB