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JACOBS SOLUTIONS INC. — Director's Dealing 2023
Nov 21, 2023
30334_dirs_2023-11-21_5bf5702a-6685-4d42-a7ba-e2322e8ad377.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: JACOBS SOLUTIONS INC. (J)
CIK: 0000052988
Period of Report: 2023-11-17
Reporting Person: Arnette Stephen A (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-17 | Common Stock | M | 1387 | — | Acquired | 24687 | Direct |
| 2023-11-17 | Common Stock | F | 546 | $135.32 | Disposed | 24141 | Direct |
| 2023-11-17 | Common Stock | M | 731 | — | Acquired | 24872 | Direct |
| 2023-11-17 | Common Stock | F | 288 | $135.32 | Disposed | 24584 | Direct |
| 2023-11-17 | Common Stock | F | 211 | $135.32 | Disposed | 24373 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-11-17 | Performance Stock Units | $0.00 | M | 1387 | Disposed | Common Stock (1387) | Direct | |
| 2023-11-17 | Performance Stock Units | $0.00 | M | 731 | Disposed | Common Stock (731) | Direct |
Footnotes
F1: Represents distribution of Jacobs common stock upon vesting of performance stock units awarded on November 18, 2020 pursuant to the Company's 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 149.7% of the number of performance stock units initially awarded, with such percentage based on the Company's earnings per share (EPS) growth over the three-year performance period.
F3: Represents number of shares of Jacobs common stock tendered for tax withholding on distribution of Jacobs common stock upon vesting of performance stock units.
F4: The number of performance stock units that vested, and therefore the number of shares of Jacobs common stock issued upon vesting, represents 79% of the number of performance stock units initially awarded, with such percentage based on the Company's average return on invested capital (ROIC) over the three-year performance period.
F5: Represents number of shares of Jacobs common stock tendered for tax withholding upon vesting of restricted stock units pursuant to the Company's Stock Incentive Plan.
F6: Each performance stock unit represented a contingent right to receive one share of Jacobs common stock.
F7: The performance stock units vested on November 17, 2023.