XML 42 R20.htm IDEA: XBRL DOCUMENT
v3.25.3

Employee Stock Purchase and Stock Incentive Plans | 12 Months Ended
--- | ---
Sep. 26, 2025
Share-Based Payment Arrangement [Abstract] |
Employee Stock Purchase and Stock Incentive Plans | Employee Stock Purchase and Stock Incentive Plans Employee Stock Purchase Plans Under the Company's stock purchase plans, eligible employees who elect to participate in these plans are granted the right to purchase shares of the common stock of Jacobs at a discount that is limited to 5% of the per-share market value on the day shares are sold to employees. The following table summarizes the stock issuance activity under the plans for the fiscal years ended September 26, 2025, September 27, 2024 and September 29, 2023:
| For the Years Ended
| September 26, 2025 |  | September 27, 2024 |  | September 29, 2023
Aggregate Purchase Price Paid for Shares Sold (in thousands) | $ | 33,583 |  |  | $ | 42,926 |  |  | $ | 40,195 |
Aggregate Number of Shares Sold | 263,729 |  |  | 321,012 |  |  | 355,007 |
At September 26, 2025, there rema ins 1,935,700 sh ares reserved for issuance under the Company's stock purchase plans. Stock Incentive Plans We also sponsor the 2023 Stock Incentive Plan, as amended and restated (the "2023 SIP") and the 1999 Outside Director Stock Plan, as amended and restated (the "1999 ODSP") as well as the StreetLight 2011 Stock Plan (the "StreetLight Plan"). The 2023 SIP provides for the issuance of incentive stock options, non-qualified stock options, share appreciation rights ("SARs"), restricted stock and restricted stock units to employees. The 1999 ODSP provides for awards of shares of common stock, restricted stock, restricted stock units and grants of non-qualified stock options to our outside (i.e., nonemployee) directors. Together the 2023 SIP and 1999 ODSP plans are known as the "Stock Incentive Plans". The StreetLight Plan provides for the issuance of incentive stock options, nonstatutory stock options and restricted stock to employees. The StreetLight Plan is frozen for new awards effective February 4, 2022. The following table sets forth certain information about the Stock Incentive Plans:
| 2023 SIP |  | 1999 ODSP |  | Total
Number of shares authorized | 29,850,000 |  |  | 1,100,000 |  |  | 30,950,000 |
Number of remaining shares reserved for issuance at September 26, 2025 | 3,229,104 |  |  | 99,833 |  |  | 3,328,937 |
Number of shares available for future awards: |  |  |  |  |
At September 26, 2025 | 3,229,104 |  |  | 99,833 |  |  | 3,328,937 |
At September 27, 2024 | 3,161,188 |  |  | 112,794 |  |  | 3,273,982 |
Effective September 28, 2012 until January 23, 2023, all grants of shares under the predecessor to the 2023 SIP were issued on a fungible basis. An award other than an option or SAR was granted on a 1.92-to-1.00 basis (“Fungible”). An award of an option or SAR is granted on a 1-to-1 basis (“Not Fungible”). Effective January 24, 2023, at which time the 2023 SIP was adopted, all awards are granted on a 1-to-1 basis. In connection with the Separation Transaction, outstanding awards under the Stock Incentive Plans were converted into adjusted Jacobs awards. The adjustment methodology was designed to preserve the value of the awards immediately before and after the Separation Transaction. The outstanding Jacobs awards will continue to have the same terms and conditions. The modification to the awards did not result in material incremental compensation expense. At September 26, 2025, the amount of compensation cost relating to non-vested awards not yet recognized in the financial statements is approximately $74.4 million. The majority of these unrecognized compensation costs will be recognized by the last quarter of fiscal 2027. The weighted average remaining contractual term of options currently exercisable is 1.9 years. Stock Options The following table summarizes the stock option activity for the years ended September 26, 2025, September 27, 2024 and September 29, 2023:
| Number of Stock Options |  | Weighted Average Exercise Price
Outstanding at September 30, 2022 | 439,349 |  |  | $ | 35.77 |
Exercised | (215,649) |  |  | $ | 40.61 |
Cancelled or expired | (6,219) |  |  | $ | 19.73 |
Outstanding at September 29, 2023 | 217,481 |  |  | $ | 31.43 |
Exercised | (132,898) |  |  | $ | 37.25 |
Cancelled or expired | (7,608) |  |  | $ | 20.44 |
Adjustment to Jacobs awards related to the Separation Transaction (1) | 13,821 |  |  | $ | — |
Outstanding at September 27, 2024 | 90,796 |  |  | $ | 19.03 |
Exercised | (41,618) |  |  | $ | 28.45 |
Cancelled or expired | (841) |  |  | $ | 11.68 |
Outstanding at September 26, 2025 | 48,337 |  |  | $ | 11.03 |
(1)Represents the additional Jacobs stock options issued as a result of the equitable adjustments. The related exercise prices were also equitably adjusted. Cash received from the exercise of stock options, net of tax remitted, during the year ended September 26, 2025 was $0.9 million. Stock options outstanding at September 26, 2025 consisted of incentive stock options and non-qualified stock options. The following table presents the total intrinsic value of stock options exercised for the fiscal years ended September 26, 2025, September 27, 2024 and September 29, 2023 (in thousands):
For the Years Ended
September 26, 2025 |  | September 27, 2024 |  | September 29, 2023
$4,257 |  | $13,790 |  | $17,635
The total intrinsic value of stock options exercisable at September 26, 2025 was approximately $6.5 million. The following table presents certain other information regarding our 2023 SIP, 1999 OSDP and StreetLight Plan for the fiscal years ended September 26, 2025, September 27, 2024 and September 29, 2023:
| September 26, 2025 |  | September 27, 2024 |  | September 29, 2023
At fiscal year end: |  |  |  |  |
Range of exercise prices for options exercisable | $9.55 – $13.14 |  | $9.55 – $36.73 |  | $5.64 – $60.43
Number of options exercisable | 47,746 |  |  | 80,509 |  |  | 180,911 |
For the fiscal year: |  |  |  |  |
Range of prices relating to options exercised | $9.55 - $36.73 |  | $5.64 - $60.43 |  | $7.05 - $60.43
The following table presents certain information regarding stock options outstanding at September 26, 2025:
| September 26, 2025
| Options Outstanding
Range of Exercise Prices | Number |  | Weighted Average Remaining Contractual Life (years) |  | Weighted Average Price
$9.55 - $13.14 | 48,337 |  |  | 5 |  | $ | 11.03 |
The 1999 ODSP, the 2023 SIP, and the StreetLight Plan allow participants to satisfy the exercise price of stock options by tendering shares of Jacobs common stock that have been owned by the participants for at least six months. Shares tendered are retired, canceled, and shown as repurchases of common stock in the accompanying Consolidated Statements of Stockholders’ Equity. The weighted average remaining contractual term of options currently exercisable i s 5 years. Restricted Stock The following table presents the number of shares of restricted stock and restricted stock units issued as common stock under the 2023 SIP for the years ended September 26, 2025, September 27, 2024 and September 29, 2023:
| For the Years Ended
| September 26, 2025 |  | September 27, 2024 |  | September 29, 2023
Restricted stock units (service condition) | 162,768 |  |  | 258,720 |  |  | 996,345 |
Restricted stock units (service and performance conditions) | 108,146 |  |  | 115,582 |  |  | 126,595 |
The amount of restricted stock units issued for awards with performance conditions in the above table are issued based on performance against the target amount. The number of shares ultimately issued, which could be greater or less than target, will be based on achieving specific performance conditions related to the awards as well as achieving the service condition required for the restricted stock units to vest. The following table presents the fair value of shares of the 2023 SIP and the StreetLight Plan (of restricted stock and restricted stock units) vested for the years ended September 26, 2025, September 27, 2024 and September 29, 2023 (in thousands):
| For the Years Ended
| September 26, 2025 |  | September 27, 2024 |  | September 29, 2023
Restricted Stock and Restricted Stock Units (service condition) | $ | 45,415 |  |  | $ | 75,625 |  |  | $ | 32,255 |
Restricted Stock Units (service, market, and performance conditions at target) | 12,258 |  |  | 23,286 |  |  | 22,060 |
Total | $ | 57,673 |  |  | $ | 98,911 |  |  | $ | 54,315 |
The following table presents the number and weighted average grant-date fair value of restricted stock and restricted stock units at September 26, 2025:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Outstanding at September 27, 2024 | 1,574,887 |  |  | $ | 104.73 |
Granted | 235,814 |  |  | $ | 154.89 |
Vested | (584,106) |  |  | $ | 100.08 |
Cancelled | (101,868) |  |  | $ | 129.84 |
Post-spin adjustment (1) | (65,727) |  |  | $ | — |
Outstanding at September 26, 2025 | 1,059,000 |  |  | $ | 116.76 |
(1)Represents the transfer of shares by the system administrator to SpinCo subsequent to September 27, 2024, the effective date of the Separation Transaction. The following table presents the number of shares of restricted stock and restricted stock units canceled and withheld for taxes under the 2023 SIP for the years ended September 26, 2025, September 27, 2024 and September 29, 2023:
| For the Years Ended
| September 26, 2025 |  | September 27, 2024 |  | September 29, 2023
Restricted stock units (service condition) | 212,284 |  |  | 277,869 |  |  | 94,249 |
Restricted stock units (service and performance conditions) | 91,848 |  |  | 101,397 |  |  | 39,295 |
The amount of unvested restricted stock units canceled for awards with service and performance conditions in the above table is based on the service period achieved and performance against the target amount. The restrictions attached to restricted stock and restricted stock units generally relate to the recipient’s ability to sell or otherwise transfer the stock and stock units. There are also restrictions that subject the stock and stock units to forfeiture back to the Company until earned by the recipient through continued employment or service. The following table provides the number of restricted stock units outstanding at September 26, 2025 under the 2023 SIP.
| September 26, 2025
Restricted stock units (service condition) | 674,965 |
Restricted stock units (service and performance conditions) | 307,554 |
The following table presents the number of shares of restricted stock and restricted stock units issued under the 1999 ODSP for the years ended September 26, 2025, September 27, 2024 and September 29, 2023:
| For the Years Ended
| September 26, 2025 |  | September 27, 2024 |  | September 29, 2023
Restricted stock units (service condition) | 12,962 |  |  | 15,647 |  |  | 14,031 |
No shares of restricted stock were issued under the 1999 ODSP during such periods. The following table provides the number of shares of restricted stock and restricted stock units outstanding at September 26, 2025 under the 1999 ODSP:
| September 26, 2025
Restricted stock units (service condition) | 76,481 |
All shares granted under the 1999 ODSP are issued on a 1-to-1 basis.

X
- Definition Stock Purchase And Stock Option Plans Disclosure [Text Block] + References No definition available. + Details
Name: | jec_StockPurchaseAndStockOptionPlansDisclosureTextBlock
Namespace Prefix: | jec_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration