Form 4: Jacobs Solutions Inc. Executive Chair Steven J. Demetriou Sells 7,000 Shares
SEC Form 4 Filing
Steven J. Demetriou, Executive Chair of Jacobs Solutions Inc., sold 7,000 shares of common stock on August 1, 2024, at a price of $146.88 per share.
Summary
- On August 1, 2024, Steven J. Demetriou, the Executive Chair of Jacobs Solutions Inc., sold 7,000 shares of the company's common stock.
- The sale was executed at a price of $146.88 per share.
- Following the transaction, Demetriou directly owns 527,138 shares of Jacobs Solutions Inc.
- Additionally, he indirectly owns 23,550 shares through his spouse.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 28, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-11-28 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 2024-08-01 | Date of the transaction (sale of common stock) |
| 2024-08-05 | Date of signature for the Form 4 filing |
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