Dastoor Michael 4
Research Summary
AI-generated summary
Jabil (JBL) CEO Michael Dastoor Sells 15,000 Shares
What Happened
- Michael Dastoor, CEO and director of Jabil Inc. (JBL), sold a total of 15,000 shares in open-market transactions on January 22, 2026. The sales were executed in multiple trades across seven reported lines with weighted-average prices ranging roughly from $245.42 to $256.74 per share, producing approximately $3,703,605 in gross proceeds. The transactions were reported as sales (code S) and were effected pursuant to a Rule 10b5-1 trading plan adopted October 21, 2025, per the filing.
Key Details
- Transaction date: January 22, 2026 (filed January 26, 2026). The filing appears timely (filed within the required 2 business days).
- Breakdown (shares @ weighted-average price → proceeds):
- 139 @ $248.51 → $34,543
- 291 @ $256.74 → $74,711
- 442 @ $249.75 → $110,390
- 476 @ $254.91 → $121,337
- 2,373 @ $245.42 → $582,382
- 3,241 @ $247.11 → $800,884
- 8,038 @ $246.25 → $1,979,358
- Combined: 15,000 shares sold for about $3.70 million.
- Shares owned after transaction: not specified in the excerpt provided (the Form 4’s ownership column isn’t included here). Footnote F3 notes 57 shares were acquired on Dec 31, 2025 under Jabil’s ESPP.
- Notable footnotes: F1 confirms the sales were made under a 10b5-1 plan (adopted Oct 21, 2025). Other footnotes (F2–F9) explain that several lines reflect multiple trades executed at price ranges and that reported prices are weighted averages; the filer offers to provide per-trade details on request.
Context
- These were routine sales executed under a pre-established 10b5-1 plan, which schedules trades in advance and is commonly used by insiders for compliance — such plans reduce (but do not eliminate) the inference that sales reflect current insider views.
- Sales (S) are generally less informative about management sentiment than purchases; this filing documents disposition of shares rather than an accumulation or option exercise.