Form 4: Jack in the Box CEO Lance F. Tucker Receives 41,834 Shares of Restricted Stock

Lance F. Tucker, CEO of Jack in the Box, acquired 41,834 shares of restricted stock on April 7, 2025, as part of his long-term incentive plan.

Summary

• On April 7, 2025, Lance F. Tucker, the Director and CEO of Jack in the Box Inc., acquired 41,834 shares of common stock.
• This acquisition is related to an increase in his annual long-term incentive (LTI) value from $1,000,000 to $4,000,000 following his appointment as CEO on March 31, 2025.
• The grant represents the difference in the LTI value previously granted in 2025 and the new LTI value for time-vested restricted stock units.
• The shares vest in three equal installments one year from the grant date.
• After-tax net shares are subject to a 50% holding requirement until the executive meets their multiple of salary stock ownership requirement.
• Following the transaction, Mr. Tucker beneficially owns 79,555 shares of Jack in the Box stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The increase in LTI value is a positive sign of confidence in the new CEO.

Positives

• The grant of restricted stock aligns the CEO's interests with those of the shareholders.
• The vesting schedule and holding requirement encourage long-term commitment and stock ownership.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock.

Industry Context

Executive compensation through stock grants is a common practice in the restaurant industry to incentivize performance and align management's interests with shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the restaurant industry, often benchmarked against companies of similar size and market capitalization.
• Comparable companies like Wendy's, McDonald's, and Restaurant Brands International also utilize stock-based compensation to incentivize their executives.
• The specific amount and vesting schedule of the grant would likely be determined by a compensation committee based on industry standards and company performance.

Management Changes

Stakeholder Impact

• Shareholders: Aligns management's interests with shareholder value through stock ownership.
• Employees: May boost morale by demonstrating confidence in the company's leadership.
• Executive: Incentivizes the CEO to drive long-term growth and profitability.

Key Dates

Keywords

Jack in the Box, Lance F. Tucker, restricted stock, long-term incentive, CEO, Form 4, stock ownership