Form 4: Jabil Inc. Executive Adam E. Berry Reports Acquisition of Common Stock and Restricted Stock Units
SEC Form 4 Filing
Adam E. Berry, SVP of Investor Relations at Jabil Inc., reports the acquisition of common stock and restricted stock units (RSUs) through the company's 2021 Equity Incentive Plan.
Summary
- On October 24, 2024, Adam E. Berry, SVP of Investor Relations at Jabil Inc., reported the acquisition of 2,000 shares of common stock at $0.00 per share.
- Berry also acquired restricted stock units (RSUs) under Jabil's 2021 Equity Incentive Plan.
- These RSUs represent the right to receive one share of Jabil's common stock upon vesting.
- 2,000 RSUs vest in three tranches: 30% on the first anniversary of the grant date (October 24, 2024), 30% on the second anniversary, and 40% on the third anniversary.
- An additional 2,000 RSUs vest based on the achievement of certain performance-based criteria during the three-year period from September 1, 2024, to August 31, 2027.
- The reported transaction leaves Berry with 13,165 shares of common stock beneficially owned.
- Lisa N. Clark, Attorney-in-Fact, signed the report on October 28, 2024.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of stock and RSU acquisition by an executive. The vesting conditions suggest a long-term commitment.
Positives
- The acquisition of stock and RSUs by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The vesting of the RSUs is contingent upon continued service and, in the case of the performance-based RSUs, the achievement of specific performance targets over the next three years.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The acquisition of shares and RSUs by a company executive can signal confidence to shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of earliest transaction (acquisition of common stock and RSUs) |
| 10/24/2024 | Date of grant for RSUs vesting over three years |
| 09/01/2024 | Start date for performance-based vesting period of RSUs |
| 08/31/2027 | End date for performance-based vesting period of RSUs |
| 10/28/2024 | Date of signature by Attorney-in-Fact |
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