Form 4: Jack in the Box CEO Mark King Receives Equity Grant
Statement of Changes in Beneficial Ownership
Executive Chairman and Interim CEO Mark King acquired 186,901 restricted stock units in Jack in the Box Inc.
Summary
- Mark James King, Executive Chairman and Interim CEO of Jack in the Box, was granted 186,901 restricted stock units (RSUs).
- The transaction occurred on May 12, 2026, at a price of $0.00 per share.
- Following this grant, King's total beneficial ownership of common stock increased to 199,089 shares.
- The RSUs are subject to a vesting schedule of twelve equal monthly installments.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard executive compensation practices rather than a change in company fundamentals.
Positives
- Alignment of executive interests with shareholders through significant equity-based compensation.
- Retention mechanism implemented via a twelve-month vesting schedule.
Negatives
- Dilutive impact on existing shareholders due to the issuance of new equity.
Risks
- Potential for executive turnover if performance targets or retention requirements are not met.
- Market volatility affecting the value of the granted equity.
Future Outlook
The RSUs vest in twelve equal monthly installments, indicating a one-year retention and performance alignment period for the executive.
Industry Context
StockSavvy.ai notes that equity grants for top-level executives in the quick-service restaurant (QSR) sector are standard practice to ensure leadership stability during transitional periods, such as an interim CEO tenure.
Comparison to Industry Standards
- The use of RSU grants with monthly vesting is consistent with standard executive compensation packages in the restaurant industry.
- The 50% holding requirement until ownership targets are met aligns with corporate governance best practices seen in peers like McDonald's or Wendy's.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Policy | Implementation of a 50% holding requirement on after-tax net shares until salary-based stock ownership requirements are met. | 05/12/2026 | Increases executive accountability and long-term alignment with shareholder interests. |
Stakeholder Impact
- Shareholders: Potential minor dilution offset by executive retention.
- Executive: Increased financial stake in the company's performance.
Next Steps
- Vesting of the first installment of RSUs one month from the grant date.
Key Dates
| Date | Description |
|---|---|
| 05/12/2026 | Date of the RSU grant transaction. |
| 05/14/2026 | Date the Form 4 was filed with the SEC. |
Keywords
Jack in the Box, JACK, Insider Trading, Form 4, Executive Compensation, Mark King
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