Jacobs Solutions Enters Separation Agreement with Former Executive Shannon Miller

Executive Separation Agreement Summary

Company: Jacobs Solutions Inc. (NYSE: J)
Filing Type: Form 8-K/A (Amendment to Current Report)
Filing Date: September 23, 2026
Subject Officer: Shannon Miller, former President, Strategy, Growth & Digital

Key Disclosures

• Context & Timeline: On August 14, 2026, Jacobs Solutions reported that Shannon Miller transitioned from her position as President, Strategy, Growth & Digital to Special Advisor to the CEO, with an expected departure no later than October 3, 2026.
• Separation Agreement Terms: On September 22, 2026, the company entered into a Separation, Waiver, and General Release Agreement with Ms. Miller. Under the terms, subject to execution and non-revocation of a supplemental release, Ms. Miller is entitled to:
  1. Severance benefits under the company's Executive Severance Plan for a Qualifying Termination not in connection with a Change in Control.
  2. Continued vesting of outstanding time-based restricted stock units (RSUs) held as of the Separation Date through November 17, 2027, under the original vesting schedule.
  3. Continued eligibility for performance-based RSUs set to vest on November 13, 2027, based on actual corporate achievement against applicable performance metrics.
• Restrictive Covenants: Ms. Miller remains subject to restrictive covenants, including non-competition and non-solicitation provisions.

Market & Trading Impact

This filing documents standard executive severance and equity continuation provisions following a previously disclosed management transition. It does not represent open-market trading activity, and the trading significance is rated Low.