Form 4: Jabil Inc. Executive Frederic E. McCoy Reports Stock Disposals to Cover Tax Obligations
SEC Filing
EVP of Operations at Jabil Inc., Frederic E. McCoy, reports disposing of common stock to cover tax obligations arising from equity awards.
Summary
- On October 22, 2024, Frederic E. McCoy, EVP of Operations at Jabil Inc., filed a Form 4 with the SEC.
- The filing reports the disposal of Jabil Inc. common stock on October 19, 20, and 21, 2024.
- A total of 526, 992, and 769 shares were disposed of on each day respectively, at a price of $126.3 per share.
- These disposals were made to satisfy tax obligations related to equity awards.
- Following these transactions, McCoy directly owns 104,105 shares of Jabil Inc. common stock.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The stock disposal may have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Transaction date: Disposal of 526 shares of common stock at $126.3. |
| 10/20/2024 | Transaction date: Disposal of 992 shares of common stock at $126.3. |
| 10/21/2024 | Transaction date: Disposal of 769 shares of common stock at $126.3. |
| 10/22/2024 | Date of Form 4 filing. |
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