Form 4: Jabil Inc. Executive Steven D. Borges Reports Stock Disposals
SEC Form 4
EVP, CEO, DMS Steven D. Borges reported the disposal of Jabil Inc. common stock to cover tax obligations.
Summary
- Steven D. Borges, EVP, CEO, DMS of Jabil Inc., reported the disposal of common stock.
- The transactions occurred between October 19, 2024, and October 21, 2024.
- A total of 3,131 shares were disposed of to satisfy tax obligations.
- The price per share for each transaction was $126.3.
- Following the reported transactions, Borges directly owns 87,596 shares of Jabil Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock disposals to cover tax obligations, a common practice among corporate executives.
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 seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Date of first reported transaction |
| 10/20/2024 | Date of second reported transaction |
| 10/21/2024 | Date of third reported transaction |
| 10/22/2024 | Date of signature on the report |
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