Board Justification

Jabil’s compensation program is intended to be competitive with the market practices of its peer group and other competitors for talent. It reflects our pay for performance philosophy by placing a significant majority of our NEO compensation “at risk” in the form of variable pay elements tied to financial performance goals and to Jabil’s stock price.

Board Justification

Annual cash incentives for the NEOs in fiscal year 2024 were based upon three profitability measures: corporate core operating income, corporate core operating income margin and corporate free cash flow. For all NEOs, the CANCOI and Core Operating Income Margin Matrix and the Corporate Free Cash Flow metric were equally weighted.

Board Justification

The amounts shown include the following Company contributions under Jabil’s 401(k) plan: $11,539 for Mr. Dastoor. The amounts shown include the following for executive physicals: $4,427 for Mr. Dastoor. The amounts shown also include the following accrued dividends paid upon settlement of restricted stock unit awards; $66,715 for Mr. Dastoor.

Board Justification

Our NEOs acquired the following shares upon the vesting of stock awards during fiscal year 2024.