Form 4: Jack in the Box Director Acquires Restricted Stock Units
SEC Form 4 Filing
James M. Myers, a director at Jack in the Box Inc., acquired 1,673 restricted stock units on March 4, 2024, which vest on March 4, 2025.
Summary
- On March 4, 2024, James M. Myers, a director of Jack in the Box Inc., acquired 1,673 restricted stock units.
- These restricted stock units vest 100% on March 4, 2025.
- The shares are issued on the vesting date unless Myers elects to defer receipt until termination of his Board service.
- Following the transaction, Myers directly owns 32,421 shares of Jack in the Box common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The restricted stock units will vest on March 4, 2025, unless the reporting person defers receipt of the shares until termination of their Board service.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's common for directors to receive stock-based compensation, aligning their interests with those of shareholders.
Stakeholder Impact
- The transaction aligns the director's interests with shareholders through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: James M. Myers acquired 1,673 restricted stock units. |
| 03/04/2025 | Vesting date of the restricted stock units. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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