Jabil SVP Francis McKay Receives Equity Grants and Withholds Shares for Taxes

Executive Summary

On October 26, 2026, JABIL INC (NYSE: JBL) filed a Form 4 on behalf of Francis McKay, Senior Vice President and Chief Procurement Officer. The filing details multiple equity-based events effective October 22, 2026, including routine annual equity grants (restricted stock units and performance-based restricted stock units), an adjustment to a 2023 performance award, and share withholdings to satisfy tax obligations upon vesting.

Key Transaction Details

1. Equity Grants (Code A):

   • Time-Based RSUs: 3,272 shares granted under the 2021 Equity Incentive Plan. These vest 30% after year one, 30% after year two, and 40% after year three.
   • Performance-Based RSUs: Two separate grants of up to 3,272 shares each (representing maximum potential vesting) tied to performance metrics over the period from September 1, 2026, to August 31, 2029.
   • Total Awarded: 9,816 shares at $0.00 per share.

2. Performance Award Adjustment (Code D):

   • 604 shares were forfeited/disposed of following certification on October 22, 2026, of performance metrics originally granted on October 19, 2023, which met vesting criteria below the maximum target.

3. Tax Withholding (Code F):

   • A total of 1,833 shares (725 shares and 1,108 shares) were withheld at a price of $280.99 per share to satisfy tax withholding requirements upon vesting of equity awards, representing a total tax withholding value of $515,054.67.

Post-Transaction Holdings

Following these reported transactions, Francis McKay directly owns 47,818 shares of Jabil Inc. Common Stock.

Market & Trading Assessment

The transactions reflect standard corporate executive compensation cycles, consisting of equity grants, performance certification adjustments, and mandatory tax withholdings. There were no discretionary open-market sales or purchases; therefore, this filing carries Low trading significance.