Form 4: Jack in the Box CEO Darin Harris Sells Shares to Cover Tax Obligations

Darin Harris, CEO of Jack in the Box Inc., sold 598 shares of common stock on June 25, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On June 25, 2024, Darin Harris, the Director and CEO of Jack in the Box Inc., disposed of 598 shares of common stock.
• The shares were sold at a price of $51.64 per share.
• This transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units, as per the company's policy for an automatic sell-to-cover.
• Following the transaction, Harris directly owns 90,887 shares of Jack in the Box Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Executive stock sales for tax purposes are a common practice, especially upon the vesting of restricted stock units. This type of transaction is generally viewed as a routine part of executive compensation and not necessarily indicative of the executive's sentiment about the company's future prospects.

Key Dates