Eligibility and enrolling
You’re eligible to participate in the ESPP after 90 days of employment before the first day of the next Offering Period (see below). Example: If your first day of work is February 15, you can participate in the Offering Period that starts July 1.
Enroll or make changes through the Jabil Benefits Service Center during the ESPP Open Enrollment period:
- Online, or
- Call 877.525.2363 (877.JBL.BENE)
How the plan works
Jabil has two Offering Periods each calendar year:
- Offering Period 1 begins January 1 and ends June 30. You enroll December 1 – December 15.
- Offering Period 2 begins July 1 and ends December 31. You enroll June 1 – June 15.
When you’re eligible and choose to participate:
- You contribute 1% – 10% of your eligible pay each Offering Period through after-tax payroll contributions.
- At the end of the Offering Period, your accumulated contributions will be used to purchase company stock on the purchase date. Jabil will transfer shares to you at 85% of the lower of the Fair Market Value (FMV) of Jabil stock (JBL on the NYSE) on the first day of the Offering Period or the last day of the Offering Period into a personal UBS Financial Services account set up on your behalf.
Changing your contribution election
You may change your contribution election one time during each Offering Period. Unless you elect to stop contributing, your contribution election will continue into the next Offering Period. If you choose to stop contributing, the contributions collected during the Offering Period will be used to purchase shares on your behalf at the end of the Offering Period, and you may re-enroll during a future ESPP open enrollment.
IRS limits
The IRS limits the value and number of shares that can be purchased each Offering Period:
- The maximum value limit is $12,500.
- The share purchase limit is determined by dividing $12,500 by the FMV of a share of Jabil stock on the first day of the Offering Period.
Your account with UBS Financial Services
After the first shares are purchased for your account (in the month after the close of the Offering Period), you will be able to log in to your UBS account. Your UBS ID is your Employee ID.
