Form 4: Jabil EVP McCoy Reports Equity Transactions

Jabil Inc.'s EVP of Operations, Frederic E. McCoy, reported multiple equity transactions including RSU grants and tax-related dispositions on October 16, 2025.

Summary

• Frederic E. McCoy, Executive Vice President of Operations at Jabil Inc. (JBL), reported several equity transactions on October 16, 2025, pursuant to a Rule 10b5-1 plan.
• Acquired 6,360 Restricted Stock Units (RSUs) under the 2021 Equity Incentive Plan, which vest based on performance criteria over a three-year period from September 1, 2025, to August 31, 2028.
• Acquired an additional 6,360 RSUs and 3,180 RSUs under the 2021 Equity Incentive Plan, which vest on a time-based schedule: 30% on the first anniversary, 30% on the second, and 40% on the third anniversary of the October 16, 2025 grant date.
• Disposed of 1,340 shares related to performance-based RSUs originally granted on October 20, 2022, which were certified on October 16, 2025, but did not achieve maximum performance targets.
• Disposed of 4,744 shares and 6,303 shares (totaling 11,047 shares) at a price of $206.88 per share to cover tax withholding obligations.
• Following these transactions, McCoy's direct beneficial ownership of Jabil Inc. Common Stock stands at 127,716 shares, which includes 87 shares acquired on June 30, 2025, under the 2011 Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: The filing primarily reports routine executive compensation events, including significant RSU grants which align executive interests with long-term shareholder value. While there were dispositions for tax and a prior performance award didn't hit maximum, the overall picture is one of ongoing equity-based compensation.

Positives

• Grant of 6,360 performance-based Restricted Stock Units (RSUs) with a three-year vesting period, aligning executive incentives with long-term company performance.
• Grant of 9,540 time-based Restricted Stock Units (RSUs) (6,360 + 3,180) with a three-year vesting schedule, indicating continued commitment and retention of a key executive.
• Certification of performance-based RSUs granted in 2022, demonstrating achievement of certain performance metrics, even if not at maximum.

Negatives

• Disposition of 1,340 shares due to performance-based RSUs not achieving maximum targets, indicating some underperformance against the highest possible goals.
• Disposition of 11,047 shares (4,744 + 6,303) for tax withholding purposes, which reduces the executive's direct equity stake.

Future Outlook

The filing indicates future vesting events for the granted Restricted Stock Units. Performance-based RSUs will vest based on criteria over the period ending August 31, 2028, while time-based RSUs will vest annually over three years from October 16, 2025.

Industry Context

These transactions represent routine executive compensation practices, where equity awards like Restricted Stock Units are granted to align management's interests with long-term shareholder value. The use of a Rule 10b5-1 plan is a common practice for insiders to pre-arrange stock transactions to avoid accusations of trading on material non-public information.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides transparency into executive equity ownership and compensation, aligning executive incentives with shareholder interests through equity awards.
• Employees: The 2011 Employee Stock Purchase Plan mentioned indicates broader employee equity participation opportunities.

Next Steps

• Continued vesting of performance-based Restricted Stock Units through August 31, 2028.
• Continued vesting of time-based Restricted Stock Units on the first, second, and third anniversaries of October 16, 2025.

Key Dates

Keywords

Jabil Inc, JBL, Frederic E. McCoy, Form 4, SEC filing, Restricted Stock Units, RSU, Executive Compensation, Insider Transactions, Stock Ownership, Equity Incentive Plan, Performance-based RSUs, Time-based RSUs