secwatch.observer — SEC 8-K summary
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Issuer:     JACOBS SOLUTIONS INC. (J)
CIK:        0000052988
Form:       8-K/A
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0000052988-22-000106
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/52988/000005298822000106/0000052988-22-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52988/000005298822000106/j-20220915.htm
  HTML page:      https://secwatch.observer/filing/0000052988-22-000106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer