March 2021 to March 2026 Jacobs investment period with employees holding PA shares

PA Share Plans team ceased operations in June 2026. The limited ongoing support available to former PA shareholders is below.

Need help with Jacobs shares?

For any former PA shareholders still to set up their Fidelity Jacobs shares account, additional guidance is at Appendix 1 below. The next level of support is for you to contact Fidelity (or for a few former PA shareholders Equiniti) with any questions: contact details

If, after reading the guidance notes and contacting Fidelity, you still require assistance, contact the Jacobs Compensation team. This team is also responsible for delivery of PA partner 2025 bonus in Jacobs shares and delivery of LTI plan awards in Jacobs shares.

Tax guidance for the 20 March 2026 sale of PA shares to Jacobs 

No withholding taxes were deducted from your sale proceeds. You are personally responsible for reporting your share gains (generally sale value less purchase cost) to your local tax authority and personally paying any taxes due.  PA's internal shares team (who all left PA in June 2026), working with external tax advisers, produced tax guidance notes to help individuals calculate and report their capital gain. 

In addition, UK resident shareholders can use this UK CGT calculator March 2026 sales. If a blank page appears, hit the refresh key to load the excel file.   When populated from your Shares Transactions History report (see below) this excel does most of the work to calculate your CGT liability including guiding on how to report your 20 March 2026 sale to HMRC. 

PA Shares Transaction History report

We can help fill any gaps in your personal record keeping of your PA share transactions. When connected to the PA network, PA employees can access their PA Shares Transaction History which captures any PA shares you held since PA started employee ownership back in 1988. If you have a permitted holder (spouse/ trust/ personal company), simply click the arrow in the Bonus Share ID field to access their record.

When opened, we recommend:

• If you are based outside the UK, select your Currency then click View report; then
• Click the menu option Export , then Microsoft Excel to generate your personal share history in three worksheets:

1. 20March2026Sale: the precise Closing and Deferred consideration you received for the sale of all your PA shares.
2. Share Units: your B Ordinary and Preference share transactions in the Jacobs investment period (March 2021to March 2026), the Carlyle investment period (December 2015 to March 2021), and any PA shares (only Ordinary existed) you held before December 2015.
3. C share: your C Ordinary shares transactions (if any) in the Jacobs and/or Carlyle investment period (normally just partners)

Please note the report shows the market value of PA shares at the time of each transaction. For purchases, UK stamp duty cost (0.5% of value) is also shown added to Preferences shares cost). For your capital gains tax workings, market prices are normally correct to use for all purchases of shares, but for sales or transfers to permitted holders the reduction in the base cost of your shares is for UK residents normally based on an average price of your pool of shares. You cannot - without careful consideration of the rules applying in your country - use your transaction history for your capital gains tax assessment.

Former and non-PA employees can request a copy of their Transaction History report by emailing PASharePlans@paconsulting.com from the email address PA holds on file for you. Note, this email address will only be monitored periodically (likely monthly) so please do not expect a quick reply.

END OF GUIDANCE AND END OF SUPPORT FROM THE PA SHARE PLANS TEAM WHOSE WORK COMPLETED IN JUNE 2026. BYE ALL.

^{Appendix 1 and 2 below provide guidance on Fidelity account set up and on the 2021 Jacobs investment into PA}

Appendix 1 - Guidance on setting up your Fidelity (or Equiniti) account

A small number of former PA shareholders have their 20 March 2026 delivered Jacobs shares held with Equiniti. Most are held by Fidelity (US). Your provider is stated in the PA share sale memo you received on 26 March. The Jacobs Compensation team prepared Jacobs shares set up notes to help you set up your account.

Equiniti - are the US broker appointed by Jacobs to hold - for the 12 month lock-up (no sale) period to 20 March 2026- the Jacobs shares a small group of sellers received on 20 March. Only the largest former PA shareholders (with initial value >£1.5million) and non-individuals (i.e. family trusts or personal companies) received shares through Equiniti. In late March 2026 Equiniti posted a letter inviting people to register on their portal and to complete tax forms to minimise US withholding taxes on payments.

Fidelity (US)- are the US broker appointed by Jacobs to hold - for the 12 month lock-up (no sale) period - the Jacobs shares received on 20 March by most Mixed Consideration sellers. On 26 March, Fidelity emailed sellers inviting them to register on the Fidelity portal and to complete tax forms to minimise US withholding taxes on payments.

Partner LTI plan shares and 2025 bonus shares - these Jacobs shares are managed through the Fidelity platform. Any questions go to the Jacobs Compensation team. Updating your contact details - Current PA employees holding Jacobs shares must update Workday with any change to their personal or contact details and - until an automatic system is in place - we suggest you also email the Jacobs Compensation team to request your updated details are passed to Fidelity or Equiniti.

Additional notes to help non-US people set up their Fidelity account

Log in screen: Select Register as a new user link below the Log in box

Do you receive benefits as a US employee? Select Yes if you are employed by PA in the US, otherwise it is NoFind your employer: Type Jacobs and select: JACOBS ENGINEERING GROUP INC

Verify your identity: Select Participant I-Number and insert the number in your invitation email for example i12345678Required Contact Information Personal email* We suggest you enter personal rather than work email address [former or non-PA employees already state a personal email address]

Phone number For those outside the US & Canada, Enter your international code and phone number omitting the first 0 As an example for a UK person: +44    7651 123456Personal InformationReview your personal information, and provide any information that is missing.

Note for non-PA employees, date of birth was initially set as 1 January 2000, as PA / Jacobs do not hold this information for you. It is not possible for you to change this date during the account set up process. For those that responded to the Share Plans survey in April 2026, your date of birth and address details have been updated with the information you provided. You will need to add your mobile number again here For non-US people, start the country code omitting the first 0, for example 447651123456

You Have Opened Your Stock Plan Account CLICK: Continue to your stock plan summary.

It's time to enter your tax info This will show US tax form W8-BEN if you are not based in the US. CLICK Continue Instructions

FOR FORM W-8BEN Applies to non-US people. US people have a simpler form W9 to complete Check your information is correct. Taxpayer ID number (TIN)In this section, most PA shareholders are likely to be expected to need to check this check box:[ ]The account holder does not have a US Taxpayer ID number. Enter your home country and your home country social security number (for example, for UK people this will be a mix of letters and numbers as shown on your pay statements, for example XY123456ZPersonal information

Your date of birth must be stated in US format. For example 12 June 1990 is stated as 06/12/1990

Treaty benefits - Is the account holder claiming a reduced rate of withholding under a tax treaty between the US and another country?

This is the section where you can enter your home country and request reduced withholding tax and click the 'I certify' button. PA's understanding is that tax treaties allow reduced US withholding tax of 15% for residents of the UK, Netherlands, Denmark, Norway, Sweden, and New Zealand.

You can personally confirm this is the case by reviewing the US treaty with your country of residence as found here: United States income tax treaties - A to Z | Internal Revenue Service Unless you have complicated nationality / residence situation, for most people, our expectation is that you will: Select the Yes radio button; select your home country from the drop down box; place a tick in the ‘I certify that the account holder is a resident of this country within the meaning of the income tax treaty between the US and that country’ box.

Appendix 2 - tax guidance provided by PA for the March 2021 Jacobs investment

As a result of the March 2021 investment all Carlyle period PA shares were sold. PA did not report sales or deduct taxes from the March paid sale proceeds. Shareholders must personally consider reporting the gains they made on their sold shares to their tax authority and paying any taxes due.

UK people need to report any taxable gains in their 2020/21 tax return. People outside the UK report in their 2021 calendar year returns.

UK taxpayers needed to assess, and if necessary to have reported their capital gains and pay taxes due on this sale to HMRC by 31 January 2022. While reporting and tax payment is, and remain, personal responsibility, we want to help and do so though these Tax information notes. You can also use this Jacobs Investment S104 Excel sheet (zipped) to extract your share records and to assess your gains position.   Contact shareplans@paconsulting.com if you a former employee not able to access the excel report.

PA shareholders outside the UK should review the Tax information notes for their country. For most, tax reporting will have been due in the first half of 2022.