Form 4: Jack in the Box CFO Lance F. Tucker Receives Stock Grants

Jack in the Box's EVP and CFO, Lance F. Tucker, was granted 25,190 shares of restricted stock units on January 27, 2025.

Summary

• Lance F. Tucker, the EVP and Chief Financial Officer of Jack in the Box Inc., received a grant of 25,190 shares of common stock on January 27, 2025.
• The grant consists of two parts: 12,595 shares are a one-time new hire restricted stock unit grant, and another 12,595 shares are additional restricted stock units.
• Both grants vest in three equal installments one year from the grant date.
• After-tax net shares are subject to a 50% holding requirement until Mr. Tucker meets his multiple of salary stock ownership requirement.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock grants to an executive, which is generally viewed neutrally to slightly positive as it aligns management with shareholder interests.

Positives

• The stock grants align the executive's interests with the company's performance.
• The vesting schedule encourages long-term commitment from the executive.
• The holding requirement further ensures the executive's focus on long-term value creation.

Industry Context

Stock grants are a common form of executive compensation in the restaurant industry, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Stock grants are a standard practice for executive compensation across the restaurant industry, with vesting schedules and holding requirements being common features.
• Companies like McDonald's, Wendy's, and Restaurant Brands International also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• The stock grants may have a slightly positive impact on shareholder sentiment as it aligns executive interests with company performance.

Key Dates

Keywords

stock grants, restricted stock units, executive compensation, insider trading, form 4, jack in the box, lance f. tucker, cfo