Form 4: Jack in the Box Director Defers Compensation into Stock

Jack in the Box Director James M. Myers acquired 1,355 common stock equivalents through a deferred compensation plan.

Summary

• Director James M. Myers acquired 1,355 common stock equivalents (CSEs) on March 2, 2026.
• These CSEs were credited under the Jack in the Box Inc. Deferred Compensation Plan for Non-Management Directors.
• Myers elected to defer annual cash retainers for director service, which are then converted into CSEs.
• The company will issue shares of common stock equal to the total CSEs upon the end of Myers' service as a director.
• Following this transaction, Myers' total beneficial ownership stands at 46,756 shares, which includes a previously reported RSU award from March 3, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine, slightly positive event, as it indicates a director's continued commitment and increased alignment with shareholder interests through deferred equity compensation.

Positives

• Director James M. Myers increased his beneficial ownership in Jack in the Box Inc. by 1,355 common stock equivalents.
• The acquisition of common stock equivalents through a deferred compensation plan aligns the director's interests with long-term shareholder value.

Future Outlook

The filing indicates that shares of common stock equal to the total common stock equivalents will be issued to the reporting person at the end of their service as a director.

Industry Context

StockSavvy.ai notes that deferred compensation plans for directors are a common practice in the restaurant and broader corporate sectors, serving to retain talent and align executive interests with long-term company performance. This transaction reflects a standard mechanism for director compensation.

Comparison to Industry Standards

• Deferred compensation plans for non-management directors are a standard corporate governance practice across various industries, including quick-service restaurants like McDonald's Corp. (MCD) and Yum! Brands, Inc. (YUM), which often utilize similar equity-based or equity-linked compensation structures to incentivize long-term commitment and align interests with shareholders.
• The acquisition of common stock equivalents at a $0.00 price is typical for compensation deferrals, where the "price" reflects the conversion of earned cash compensation into equity units rather than a direct cash purchase.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased director ownership through deferred compensation can signal confidence and align interests, potentially viewed positively.

Next Steps

• The company will issue shares of common stock to James M. Myers equal to the total common stock equivalents credited to his account at the time of distribution, upon the end of his service as a director.

Key Dates

Recommendation

This Form 4 details a routine director compensation deferral into common stock equivalents, which is a standard practice and does not present new information that would warrant a change in investment thesis. It indicates continued alignment of director interests with shareholders but does not provide fundamental insights to alter a "hold" recommendation.

Keywords

Jack in the Box, JACK, Form 4, Insider Transaction, Deferred Compensation, Common Stock Equivalents, Director Ownership, Executive Compensation