Form 4: Jabil EVP Borges Reports Equity Transactions

Jabil Inc.'s EVP, Steven D. Borges, reported multiple equity transactions on October 16, 2025, including RSU grants and tax-related share dispositions.

Summary

• Steven D. Borges, Executive Vice President of Global Business Units at Jabil Inc. (JBL), reported several equity transactions on October 16, 2025.
• Acquired 6,680 shares of Common Stock through performance-based Restricted Stock Units (RSUs) under the 2021 Equity Incentive Plan. These RSUs vest based on performance criteria over a three-year period from September 1, 2025, to August 31, 2028, representing the maximum potential shares.
• Acquired an additional 6,680 shares of Common Stock through another grant of performance-based RSUs under the 2021 Equity Incentive Plan, with the same vesting conditions as above.
• Acquired 3,340 shares of Common Stock through time-based RSUs under the 2021 Equity Incentive Plan. These RSUs vest 30% on the first anniversary, 30% on the second, and 40% on the third anniversary of the grant date (October 16, 2025).
• Disposed of 1,550 shares of Common Stock related to performance-based RSUs originally granted on October 20, 2022. These units were certified on October 16, 2025, to have satisfied performance metrics, but not at the maximum level, resulting in a reduction of potential shares.
• Disposed of 5,488 shares of Common Stock at a price of $206.88 per share to cover tax withholding obligations.
• Disposed of 7,405 shares of Common Stock at a price of $206.88 per share to cover additional tax withholding obligations.
• Following these transactions, Mr. Borges beneficially owns 105,060 shares of Jabil Inc. Common Stock.

Sentiment

Score: 6

Explanation: The filing reports routine executive equity transactions, including significant RSU grants which align executive incentives with shareholder interests, balanced by share dispositions for tax obligations and a minor reduction due to performance not reaching maximum.

Positives

• Significant grants of Restricted Stock Units (RSUs) totaling 16,700 shares (13,360 performance-based and 3,340 time-based) align executive incentives with long-term company performance and shareholder value.
• The performance-based RSUs demonstrate a commitment to achieving specific operational or financial targets over a three-year period.

Negatives

• Disposition of 1,550 shares due to performance-based RSUs not achieving maximum targets indicates that certain performance goals were not fully met for a prior grant.
• Disposition of 12,893 shares (5,488 + 7,405) for tax withholding purposes reduces the executive's direct beneficial ownership.

Risks

• The performance-based RSUs are subject to the achievement of specific criteria, meaning the actual number of shares received could be less than the maximum reported if targets are not fully met.
• Future stock price fluctuations could impact the value of the executive's remaining beneficial ownership and the value of future RSU vestings.

Future Outlook

The executive's future equity holdings are tied to the vesting of newly granted Restricted Stock Units. Performance-based RSUs will vest based on criteria achieved between September 1, 2025, and August 31, 2028. Time-based RSUs will vest in annual installments (30%, 30%, 40%) on the anniversaries of the October 16, 2025, grant date.

Industry Context

This Form 4 filing is a standard regulatory disclosure for insider transactions, reflecting routine executive compensation practices within publicly traded companies. The grants of performance and time-based Restricted Stock Units are common mechanisms used to incentivize and retain key executives, aligning their interests with long-term shareholder value creation.

Stakeholder Impact

• Shareholders: The RSU grants align executive incentives with long-term company performance, potentially benefiting shareholder value. The tax-related dispositions are routine and do not indicate a change in company fundamentals.
• Employees (Executive): Steven D. Borges's compensation package is enhanced with new equity grants, reinforcing his stake in the company's future success.

Next Steps

• Vesting of performance-based RSUs based on criteria achievement between September 1, 2025, and August 31, 2028.
• Vesting of time-based RSUs on the first, second, and third anniversaries of October 16, 2025.

Key Dates

Recommendation

This Form 4 details routine equity compensation and tax-related share dispositions for an executive. It does not provide new fundamental information about the company's operations, financial performance, or strategic direction that would warrant a change in investment recommendation. The RSU grants align executive incentives, which is generally positive, but the overall impact on the investment thesis is neutral.

Keywords

Jabil Inc, JBL, Steven D Borges, Form 4, SEC filing, equity transactions, Restricted Stock Units, RSU, executive compensation, insider ownership, stock ownership, performance-based compensation