Jacobs Solutions Inc. filed an amended current report on September 23, 2026, disclosing the terms of a separation agreement entered into with former President Shannon Miller on September 22, 2026.

Key Highlights

  • Separation Agreement signed: The company and Ms. Shannon Miller entered into a separation, waiver and general release agreement on September 22, 2026.
  • Departure date: Ms. Miller's separation from the company will be no later than October 3, 2026, according to the filing.
  • Severance eligibility: Ms. Miller is eligible to receive severance benefits under the company's Executive Severance Plan for a Qualifying Termination not in connection with a Change in Control.
  • Time-based RSU vesting: Outstanding time-based restricted stock units held by Ms. Miller as of the Separation Date will continue vesting through November 17, 2027, per the original vesting schedule as if no separation had occurred.
  • Performance-based RSU treatment: Performance-based restricted stock units set to vest on November 13, 2027 will be eligible to vest based on actual achievement of applicable performance metrics as if no separation had occurred.
  • Restrictive covenants: Ms. Miller will be subject to non-competition and non-solicitation covenants as set forth in the Separation Documents.

Terms of Shannon Miller's Departure From Jacobs Solutions

Jacobs Solutions Inc. (NYSE:J) filed this Form 8-K/A to amend and supplement its original current report filed on August 14, 2026, which reported that Ms. Shannon Miller had transitioned from her role as President, Strategy, Growth and Digital and would serve as Special Advisor to the Chief Executive Officer until her departure. The amendment was filed specifically to disclose material modifications to a compensatory arrangement involving a named executive officer, effected by an agreement entered into after the original filing.

According to the filing, the Separation Agreement dated September 22, 2026 makes Ms. Miller eligible to receive three categories of benefits, each contingent on her execution of a supplemental release agreement following the Separation Date and the non-revocation of both the Separation Agreement and the Supplemental Release. Those benefits are: severance payments under the Executive Severance Plan for a Qualifying Termination not connected to a Change in Control; continued vesting of her outstanding time-based restricted stock units through November 17, 2027 on the original schedule; and vesting of her performance-based restricted stock units scheduled for November 13, 2027, determined by the company's actual achievement of the applicable performance metrics.

The filing notes that Ms. Miller's right to the payments and benefits described above "is subject to the effectiveness of a waiver and general release of claims in favor of the Company," as provided under the Executive Severance Plan. In addition, the Separation Documents impose restrictive covenants on Ms. Miller, including provisions relating to non-competition and non-solicitation. The report was signed by Robert V. Pragada, Chair and Chief Executive Officer.

What Was Disclosed

The amended filing discloses the specific terms of Jacobs Solutions' separation agreement with former President Shannon Miller, covering severance eligibility, continued equity vesting treatment through 2027, and post-employment restrictive covenants, all effective September 22, 2026.