Form 4: Jabil Inc. CEO Michael Dastoor Reports Changes in Beneficial Ownership
SEC Filing
CEO Michael Dastoor reports disposition of Jabil Inc. common stock to cover tax obligations.
Summary
- Michael Dastoor, CEO of Jabil Inc., filed a Form 4 with the SEC on October 22, 2024, reporting changes in beneficial ownership of Jabil Inc. common stock.
- The transactions involved the disposition of shares to satisfy tax obligations related to equity awards.
- Specifically, 611 shares were disposed of on October 19, 2024, 1,274 shares on October 20, 2024, and 1,458 shares on October 21, 2024, all at a price of $126.3.
- Following these transactions, Dastoor directly owns 98,278 shares of Jabil Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Form 4) detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in the CEO's overall holdings.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Disposition of 611 shares of common stock. |
| 10/20/2024 | Disposition of 1,274 shares of common stock. |
| 10/21/2024 | Disposition of 1,458 shares of common stock. |
| 10/22/2024 | Date of Form 4 filing. |
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