Form 4: Jack in the Box CEO Darin Harris Reports Stock Transactions

Jack in the Box CEO Darin Harris acquired and disposed of company stock, including shares to cover tax obligations.

Summary

• Darin Harris, CEO of Jack in the Box, reported several transactions involving the company's common stock.
• On December 2, 2024, Harris acquired 47,269 shares of common stock as restricted stock units.
• On December 4, 2024, Harris disposed of 1,294 shares at $48.9301 per share and 4,114 shares at $48.9313 per share.
• These disposals were to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Harris beneficially owns 132,748 shares of Jack in the Box common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.

Positives

• The acquisition of 47,269 shares indicates continued alignment of the CEO's interests with the company's performance.

Industry Context

Executive stock transactions are a common occurrence and are often related to compensation and tax planning. This filing is a routine disclosure of such activity.

Comparison to Industry Standards

• Executive stock transactions are a standard practice across publicly traded companies.
• The use of restricted stock units as part of executive compensation is common among peer companies.
• The sale of shares to cover tax obligations upon vesting is also a typical practice.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

stock transactions, insider trading, restricted stock units, executive compensation, Form 4, Jack in the Box, Darin Harris