Form 4: Jacobs Solutions Inc. Executive Joanne Caruso Zaccaro Reports Stock Transactions Following Vesting of Performance Units

Executive Vice President Joanne Caruso Zaccaro of Jacobs Solutions Inc. reported multiple transactions involving the vesting of performance stock units and subsequent tax withholdings, resulting in changes to her beneficial ownership of company stock.

Summary

• Joanne Caruso Zaccaro, an EVP at Jacobs Solutions Inc., reported transactions related to the vesting of performance stock units on November 15, 2024.
• These transactions included the acquisition of 2,489 shares and 2,024 shares of common stock due to the vesting of performance stock units.
• The vesting of these units was based on the company's performance over a three-year period, with 63.9% of the initial units vesting based on earnings per share (EPS) growth and 52.0% vesting based on average return on invested capital (ROIC).
• Additionally, 1,251, 1,019, and 2,378 shares were disposed of to cover tax withholdings related to the vesting of performance stock units and restricted stock units.
• A further 853 shares were disposed of on November 18, 2024, also for tax withholding purposes.
• The price per share for the tax withholding transactions was $140.01 on November 15, 2024, and $140.35 on November 18, 2024.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It reflects the vesting of performance-based compensation and subsequent tax obligations.

Comparison to Industry Standards

• The vesting of performance stock units based on EPS growth and ROIC is a common practice among publicly traded companies to align executive compensation with company performance.
• The reported vesting percentages of 63.9% based on EPS and 52.0% based on ROIC are specific to Jacobs Solutions Inc. and would need to be compared to similar metrics at peer companies to assess relative performance.
• Companies like AECOM, Fluor, and KBR also use performance-based equity compensation, and their vesting criteria and percentages would be relevant for comparison.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the vesting of previously awarded compensation.
• The tax withholding transactions reduce the number of shares held by the executive, which is a standard practice.

Key Dates

Keywords

stock, performance stock units, vesting, insider trading, executive compensation, tax withholding, beneficial ownership, Jacobs Solutions Inc.