Form 4: Jack in the Box Director Goebel Reports Acquisition of Common Stock Through Dividend Equivalents

Sentiment:

SEC Form 4 Filing


Director David Goebel reports acquiring additional Jack in the Box Inc. common stock through dividend equivalents related to deferred compensation and restricted stock units.

Summary

  • On September 19, 2024, David Goebel, a director of Jack in the Box Inc., reported acquiring 114 shares of common stock due to dividend equivalents on outstanding Common Stock Equivalents.
  • These equivalents were credited under the Jack in the Box Inc. Deferred Compensation Plan for Non-Management Directors, related to the quarterly dividend declared on August 2, 2024.
  • Additionally, Goebel acquired 128 shares of common stock representing dividend equivalents on vested Restricted Stock Units deferred until termination of board service, also linked to the August 2, 2024 dividend declaration.
  • Following these transactions, Goebel's direct ownership amounts to 33,624 shares of Jack in the Box Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but reflects routine compensation practices.

Positives

  • The acquisition of shares through dividend equivalents reflects a form of compensation and investment in the company by a director.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions, specifically the acquisition of shares through dividend equivalents, which is a common practice in executive compensation.

Stakeholder Impact

  • The transaction has a minor positive impact on shareholders as it reflects a director's continued investment in the company.

Key Dates

DateDescription
08/02/2024Quarterly dividend declared on this date, triggering dividend equivalents.
09/19/2024Date of transaction: acquisition of common stock through dividend equivalents.

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