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Jacobs Solutions' Shannon Miller to leave by Oct. 3

Time-based awards continue on their original vesting schedule; 2027 performance-based awards depend on actual metric achievement and the required releases.

(Neutral)
(Neutral)
Form Type
8-K/A

Rhea-AI Filing Summary

Jacobs Solutions Inc. and Shannon Miller entered into a separation agreement on September 22, 2026. Miller transitioned from President, Strategy, Growth & Digital to Special Advisor to the CEO and is to depart no later than October 3, 2026. Subject to executing a Supplemental Release after separation, non-revocation of the Separation Documents and an effective release, she is eligible for severance under the Executive Severance Plan, continued time-based restricted stock unit vesting through November 17, 2027, and performance-based units scheduled for November 13, 2027 based on actual company metrics.

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Filing Explained

The amendment reports that Shannon Miller will be subject to restrictive covenants under her separation documents, including non-competition and non-solicitation obligations—contractual limits that form part of her separation arrangements.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Separation agreement date September 22, 2026 Date the company and Shannon Miller entered into the agreement
Departure deadline October 3, 2026 Miller's departure is to be no later than this date
Time-based restricted stock unit vesting through November 17, 2027 Continued vesting follows the original schedule
Performance-based restricted stock unit vesting date November 13, 2027 Vesting is based on actual achievement of applicable performance metrics
Executive Severance Plan financial
"severance benefits under the Company’s Executive Severance Plan"
Qualifying Termination financial
"for a Qualifying Termination not in connection with a Change in Control"
Change in Control financial
"not in connection with a Change in Control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
time-based restricted stock units financial
"continued vesting of the outstanding time-based restricted stock units"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
performance-based restricted stock units financial
"the performance-based restricted stock units held by Ms. Miller"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What separation benefits is Shannon Miller eligible for at Jacobs (J)?

Subject to executing a Supplemental Release after her Separation Date, non-revocation of the Separation Documents, and an effective release, she is eligible for severance under the Executive Severance Plan, continued vesting of time-based restricted stock units through November 17, 2027, and performance-based units scheduled for November 13, 2027 based on actual company performance metrics.

What restrictions apply to Shannon Miller after leaving Jacobs (J)?

The Separation Documents subject Ms. Miller to restrictive covenants, including non-competition and non-solicitation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
0000052988false00000529882026-08-102026-08-10

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_____________________________
Form 8-K/A
___________________________

Current Report
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 10, 2026
Jacobs Solutions Inc.
(Exact name of Registrant as specified in its charter)
Delaware
1-7463
 
88-1121891
(State or other jurisdiction of incorporation or organization)
(SEC File No.)
 
(IRS Employer
identification number)
 
 
 
1999 Bryan Street
Suite 3500
Dallas
Texas
75201
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number (including area code): (214) 583-8500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Securities registered pursuant to Section 12(b) of the Act:



_________________________________________________________________
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock$1 par valueJNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.







EXPLANATORY NOTE
This Amendment No. 1 to the Current Report on Form 8-K supplements and amends Item 5.02 of the Current Report on Form 8-K filed on August 14, 2026 (the “Original Form 8-K”) to disclose information regarding material modifications to a material compensatory plan, contract or arrangement as to which a named executive officer of the registrant participates that were effected pursuant to an agreement entered into subsequent to the filing of the Original Form 8-K. Except as set forth below, the Original 8-K is not being amended.

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On August 14, 2026, the Company filed the Original Form 8-K to report that Ms. Shannon Miller had transitioned from her role as President, Strategy, Growth & Digital of Jacobs Solutions Inc. (the “Company”) and would serve as Special Advisor to the Company’s Chief Executive Officer until her departure from the Company, which will be no later than October 3, 2026 (the “Separation Date”).

On September 22, 2026, the Company and Ms. Miller entered into a separation, waiver and general release agreement (the “Separation Agreement”), pursuant to which, subject to Ms. Miller’s execution of a supplemental release agreement (the “Supplemental Release” and together with the Separation Agreement, the “Separation Documents”) following the Separation Date and the non-revocation of the Separation Documents, Ms. Miller is eligible to receive: (i) the severance benefits under the Company’s Executive Severance Plan for a Qualifying Termination (as defined in the Executive Severance Plan) not in connection with a Change in Control (as defined in the Executive Severance Plan), (ii) continued vesting of the outstanding time-based restricted stock units held by Ms. Miller as of the Separation Date through November 17, 2027, in accordance with the original vesting schedule as if no separation had occurred, and (iii) the performance-based restricted stock units held by Ms. Miller as of the Separation Date that are set to vest on November 13, 2027 based on the actual achievement by the Company of the applicable performance metrics as if no separation had occurred.

As provided for under the Executive Severance Plan, Ms. Miller’s right to receive the payments and benefits above is subject to the effectiveness of a waiver and general release of claims in favor of the Company. Ms. Miller will also be subject to restrictive covenants as set forth in the Separation Documents, including those relating to non-competition and non-solicitation.






Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 23, 2026
 
JACOBS SOLUTIONS INC.
By:/s/ Robert V. Pragada
Robert V. Pragada
Chair and Chief Executive Officer




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