Jacobs Solutions amends CEO succession filing with Pragada and Demetriou compensation details

JACOBS SOLUTIONS INC.

Bob Pragada to become CEO on Jan 24, 2023, with $1.3M base salary and 150% LPP target.
Pragada receives $7.5M equity grant on Nov 16, 2022: $3M RSUs (vest 25%/yr) and $4.5M PSUs (3-year period).
Steve Demetriou becomes Executive Chair with $1.25M base, 100% LPP target, and $2.5M equity grant (RSUs vest in 1 year).
Both continue in Executive Severance and Deferral Plans; no family relationships or related-party transactions.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Bob Pragada

Chief Executive Officer

J · JACOBS SOLUTIONS INC.

Effective: 2023-01-24
Filed: November 18, 2022, 6:59 PM ET

Bob Pragada, currently President and Chief Operating Officer, will succeed Steve Demetriou as Chief Executive Officer and join the Company’s Board of Directors.

Role change

Steve Demetriou

Executive Chair of the Board of Directors

J · JACOBS SOLUTIONS INC.

Effective: 2023-01-24
Filed: November 18, 2022, 6:59 PM ET

Mr. Demetriou, currently Chair and Chief Executive Officer, will continue as Executive Chair of the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bob Pragada was appointed as Chief Executive Officer at JACOBS SOLUTIONS INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Bob Pragada, currently President and Chief Operating Officer, will succeed Steve Demetriou as Chief Executive Officer and join the Company’s Board of Directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steve Demetriou was appointed as Executive Chair of the Board of Directors at JACOBS SOLUTIONS INC..

Action: appointed
Role: Executive Chair of the Board of Directors

Exact text from the filing

Mr. Demetriou, currently Chair and Chief Executive Officer, will continue as Executive Chair of the Board of Directors.

View on SEC.gov

JACOBS SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0000052988-22-000106

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