Form 4: Jabil Inc. Executive Frederic E. McCoy Reports Acquisition of Restricted Stock Units

Executive Vice President of Operations at Jabil Inc., Frederic E. McCoy, reports the acquisition of restricted stock units.

Summary

• Frederic E. McCoy, EVP of Operations at Jabil Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 10,660 shares of common stock and 5,330 shares of common stock on October 24, 2024, through the grant of Restricted Stock Units (RSUs).
• The RSUs were granted under Jabil's 2021 Equity Incentive Plan.
• 10,660 RSUs vest based on performance criteria over a three-year period starting September 1, 2024, and ending August 31, 2027.
• 5,330 RSUs vest in installments: 30% on the first anniversary of the grant date (October 24, 2024), 30% on the second anniversary, and 40% on the third anniversary.
• Following the reported transactions, McCoy beneficially owns 130,755 shares of Jabil Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard executive compensation practice. The grant of RSUs is neither overwhelmingly positive nor negative.

Positives

• The grant of RSUs aligns executive compensation with company performance and long-term shareholder value.

Future Outlook

The vesting of the performance-based RSUs is contingent upon the achievement of certain performance criteria over a three-year period, indicating a focus on long-term performance.

Industry Context

Equity compensation is a common practice in the technology and manufacturing sectors to incentivize executives and align their interests with those of shareholders.

Comparison to Industry Standards

• Companies like Flex and Sanmina also use equity-based compensation to incentivize their executives.
• The vesting schedules and performance criteria associated with these grants are typically aligned with industry best practices to ensure retention and drive performance.

Stakeholder Impact

• The grant of RSUs could potentially incentivize management to improve company performance, benefiting shareholders.

Key Dates