Form 4: Jacobs Solutions Inc. Executive Sells Shares for Tax Obligations

A Jacobs Solutions Inc. Senior Vice President sold 106 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• William B. Allen Jr., a Senior Vice President at Jacobs Solutions Inc., sold 106 shares of common stock on November 29, 2024.
• The sale was executed at a price of $141.23 per share.
• This transaction was to cover tax withholding obligations arising from the vesting of restricted stock units.
• Following the transaction, Mr. Allen directly owns 29,279 shares of Jacobs Solutions Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the executive, which is typical for tax-related sales.
• Similar transactions are regularly reported by executives at other companies such as AECOM, Fluor, and KBR.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive for tax purposes.

Key Dates

Keywords

Jacobs Solutions Inc., stock sale, insider trading, Form 4, executive compensation, restricted stock units, tax withholding