Form 4: Jabil Inc. CEO Michael Dastoor Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Michael Dastoor reports a disposition of Jabil Inc. common stock to cover tax obligations, leaving him with 101,621 shares.
Summary
- Michael Dastoor, CEO of Jabil Inc., filed a Form 4 with the SEC on October 18, 2024.
- The report details changes in his beneficial ownership of Jabil Inc. common stock.
- On October 16, 2024, Dastoor disposed of 12,359 shares of common stock at a price of $124.26 per share.
- This disposition was related to covering tax obligations.
- Following the transaction, Dastoor directly owns 101,621 shares of Jabil Inc. common stock.
- This amount includes 211 shares acquired through the 2011 Employee Stock Purchase Plan on December 31, 2023, and June 30, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction for tax purposes, which is a normal part of executive compensation and financial planning.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates a transaction by the CEO, which is a common occurrence for tax planning purposes.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| December 31, 2023 | 211 shares acquired under the 2011 Employee Stock Purchase Plan |
| June 30, 2024 | 211 shares acquired under the 2011 Employee Stock Purchase Plan |
| October 16, 2024 | Transaction date: Disposition of 12,359 shares at $124.26 per share |
| October 18, 2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.